Ceramic Industry News

H.C. Starck Announces Price Increases (posted 9/17/08)

September 17, 2008
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“The anticipated price increases are not alone a H.C. Starck problem, but an industry problem,” said Heinz Heumüller, CEO of the parent company.

The H.C. Starck Group has announced another price increase for substantial parts of its product portfolio as a result of further increases in costs for energy, raw and auxiliary materials, and production supplies. “These are adjustments that may even reach high double-digit percentages in some of our main product segments,” said Heinz Heumüller, Ph.D., chief executive officer of the German parent company, in a recent interview. “We are working closely with our customers to look for ways to pass on these rising costs and the thus inevitable price increases in the entire added value chain.”

In recent months, H.C. Starck has completed a successful performance improvement program and is positioned competitively in terms of production. “The anticipated price increases are not alone a H.C. Starck problem, but an industry problem,” said Heumüller. “They are affecting all suppliers equally. Everybody will be forced to translate these unexpected cost increases into higher prices.”

The H.C. Starck Group is currently informing customers about the increase in prices. Provided that no contract periods have to be taken into account, the new prices will generally become effective as of November 1, 2008. Visit www.hcstarck.com for additional information.

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