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The cost of key raw materials and energy used in the production of porcelain enamel products have increased significantly, with titanium dioxide prices still escalating rapidly. According to Ferro, surcharges will also remain in effect for nickel and cobalt as long as these metal prices remain volatile. Cost pressures are not expected to decrease in the near future due to current economic conditions.
“Even with our product reformulations and substitutions and supply chain management efforts, we are unable to offset raw material, transportation and energy costs enough to avoid implementing porcelain enamel price increases this year,” said Lee Gauthier, North American business director, Inorganic Specialties. “However, we continue to work hard at finding ways to provide our customers with the most cost-effective solutions, in spite of the tough economy.”
Visit www.ferro.com for more information.