Sika Industry Division Announces Price Adjustments

Date: 4 June 2004
Source: Yahoo

Date: 4 June 2004

The Industry Division of Sika Corporation is announcing price adjustments ranging up to 10% effective August 1st. "We are announcing the adjustments as a result of the rapidly escalating petroleum based raw material, energy and transportation costs we've been experiencing.

The cost increases have been well reported in local and world news as well as the trade journals serving the adhesives and sealant industry," said Bill Loven, the division's senior vice president.

"Over the past two years we have been able to offset a number of cost increases with productivity improvements, and by simply absorbing other cost increases, but we have to pass on some portion of the most recent cost increases in order to maintain profitability targets for our shareholders," said Loven.
600450 Sika Industry Division Announces Price Adjustments glassonweb.com

See more news about:

Others also read

MORE...

R.O. has designed and produced a powerful Parametric Shape management system
The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Shoaib Akhtar to endorse Asahi Glass
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
Glass Confusion to start Beginning Fusing Classes
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Western Pennsylvania glass industry going the way of steel
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
DisplaySearch: Global glass-substrate capacity to grow 40% each quarter
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Barcelona: world’s first ‘UV-breathable’ laminated glass
Architects Robert and Esteve Terradas of Barcelona describe the city’s newly-renovated and expanded (45,000 m2) Science Museum (completed September 2004) as "a living museum that will set new standards in terms of transparency - a very modern construction that will enable the plants and animals inside to really live and breathe." The project was made possible by the use of an innovative grade of DuPont™ SentryGlas© Plus™ structural interlayer that is "UV-breathable, on the flat roof of an Amazonian rainforest exhibit".The UV-breathable 938 m2 laminated glass roof is rectangular in shape.

Add new comment