Information on the market and price developments for semi-finished plastic products as of March 2022

Dear Customer,

After the start of the war in Ukraine in February, we have experienced increased turbulence and chaos, which has had a significant impact on the plastics industry as well as on other industries.

Unfortunately, we see continued heavy price increases on semi-finished plastic products, which are implemented at very short notice as well as with a great deal of uncertainty about the future price development of raw materials, oil, logistics and energy. Our suppliers expect extreme price increases and the situation is evolving day by day, if not minute by minute.

Along with rising prices, the already agreed and existing price lists are also suspended, and further price increases are announced at short notice.

For the time being, there are no reports or signs of shortage of supplies except for few products, like POM and PTFE.

Following the above-mentioned price increases, we are likely to be forced to respond at short notice and implement price increases accordingly.

We will, of course, follow the development very closely together with our worldwide supplier network and we will do our utmost to minimize the impact on our joint business.

Your sales consultant or our customer support will of course be available to support you in the best possible way in connection with the latest developments in the market.

Kind regards

Henning Hess