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Home > News > Industry Activities > Price increases for raw materials pose new challenge

Price increases for raw materials pose new challenge

By Xinhuanet , 2021-08-04 06:42:05

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Demand for semi-finished and finished goods has been ramping up rapidly since the end of 2020, resulting in production and supply bottlenecks and, consequently, in rising manufacturing and procurement costs. The problems within the supply chains further aggravate the situation: The Covid-19 outbreak at the South Chinese port Yantian is adding to the already substantial delivery delays.

“There are not enough raw materials on the market, which presents us with great challenges, especially when it comes to fasteners, wood connectors, mounting rails and fittings,” explained Robert Friedmann. “Continuing to supply our customers quickly and reliably remains our top priority. Further price increases will be unavoidable.”


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