Smit & zoon to raise prices by 10% along with other players in the leather chemicals industry

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Things and reasons are quite clear, so much so that it is almost a commonplace at this point. Hans van Haarst, chief executive officer of Dutch chemicals manufacturer Smit & zoon, points out: “Throughout the past year we had to deal with remarkable price rise as to raw materials, which affected a number of our products. Moreover, in some specific cases provisions have been decreasing. Last but not least, several product costs, such as labour and transportation, went up as well”. Because of that, “we are compelled to raise overall prices, by 10%, with immediate effect, according to the different valid contracts”. Likewise, Stahl made public, at the beginning of 2018, their decision to raise prices, whereas German Lanxess started doing that in November 2016, by carrying out progressive adjustments which led up to a 10% increase at the end of last March.

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