Imerys to increase prices for the Refractory Market effective January 1st 2022

2021-10-14

Oct. 11, 2021 - For the last 18 months, the global supply chain crisis has created unique challenges across the manufacturing landscape globally. All industries have faced extraordinary events regarding raw material availability and supply.

Accelerating over the lastest months, a host of market conditions have worsened, including most recently the force majeure events of key suppliers of Alumina & Zircon Sand. These in combination have led to unprecedented cost pressures across logistics, raw material inputs, energy, packaging and chemicals.

Whilst we use our manufacturing and purchasing excellence to partly mitigate impacts and absorb some costs internally when possible, inflation pressures are so high that we are forced to reflect this in our pricing policy in order to be able to sustainably serve our customers and continue to invest in our mines and plants.

Given these exceptional circumstances and in order to continue to meet our customers expectations, Imerys will pursue the implementation of double digit price increases for 2022 on all products sold in the Refractory markets ranging up to 30% for some products. In addition, this will be accompanied by short term energy & logistic surcharges applicable on specific plants & product lines immediately.