Merck: Pigments & Cosmetics business unit announces price adjustments
Effective January 1, 2014, the pigments & Cosmetics business unit of Merck will raise the prices for selected parts of its portfolio of effect pigments, cosmetic active ingredients and other functional materials. Depending on the specific product group, the price may increase up to 10%. Customers will be informed individually of price changes for the products they buy.
Having implemented its last price increase around two years ago, Merck cites several reasons for this decision. Firstly, increasing regulatory requirements are leading to higher production costs. Secondly, the business unit is boosting its application technology service for customers, especially with respect to functional materials. And thirdly, prices are influenced by general cost drivers such as higher labor and raw material costs.
Other news from the department price development
