H.B. Fuller announces global price increase on adhesives
H.B. Fuller Company announced that, effective between March 1 and April 1, 2018, or as contracts allow, H.B. Fuller will implement price increases for all adhesives product categories. Increases will be between 5 percent and 12 percent, and will include products supplied by its recently acquired Royal, Wisdom and Adecol businesses. The largest increases will occur in water-based adhesives and in North America where cost increases are highest. The past 12 months have seen continued increases in feedstock costs, logistics costs and labor costs. Inflationary pressures in global markets have occurred due to trucking shortages, Hurricanes Harvey and Irma in the United States, regulatory and environmental actions by the Chinese government, and robust demand. These increases will affect products in the company's hygiene, packaging, durable assembly, construction, paper converting, and engineering adhesives segments.