MADISON HEIGHTS, Mich., Sept. 28 /PRNewswire-FirstCall/ -- Encountering continued and well documented cost pressures, the Industry Division of Sika Corporation has announced that selling prices for Sika Industry products will be increased a minimum of 5%.
"The continued volatility of raw material feed stock costs required to produce our company's products, as well as energy, transportation and other supplier costs continue to rise. While we continue to successfully improve operational and global procurement efficiencies at an expedited rate, the efforts have not totally recouped the rising costs of producing our products. This has left us with no option but to increase prices," said Paul Schuler, President & CEO, Sika Corporation.
The Industry Division of Sika Corporation is headquartered in Madison Heights, MI. The company is a leading supplier of adhesives and sealants serving automotive aftermarket, automotive OES, industrial, marine, and transportation markets. Product lines include polyurethane adhesives and sealants, hot melt adhesives, epoxies, acrylics, silicones and butyl sealants. Specific applications for Sika adhesives and sealants are found in the appliance, automotive glass replacement, automotive OES, fenestration, HVAC, marine, metal building, and transportation industries. Visit the Sika Corporation Industry Division website at www.sikaindustry.com.
Sika Corporation is a supplier of specialty chemical products and industrial materials serving automotive, construction, and industry markets. Sika Corporation is a subsidiary of Sika AG, Baar, Switzerland. Sika has annual sales of approximately US$ 3.2 billion (CHF 4 billion), over 11,000 employees and operations in more than 70 countries. Visit the Sika Corporation website at www.sikacorp.com.
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