Dear Valued Customer,
We have recently released updates concerning the increasing difficulties within the silicone industry. We believe transparency is key in this challenging climate and feel it necessary to inform you, that since our last communication, a further silicone metal price spike and extreme scarcity has resulted in increased inflationary pressures on our upstream silicone supply chain.
Despite our attempts to evaluate the projected raw material price increases upfront to give our customers as much notice as possible, the ever-increasing challenges with planning, freight, and packaging, as well as the complications created by restricted raw materials, have resulted in our suppliers re-evaluating the rate of necessary increases to the marketplace.
We would therefore like to draw your attention to some background information to help clarify some of the contributing factors behind this ongoing disruption within the silicone industry and many other supply chains.
Evidently, it is unfortunately inevitable that further increases, liable to reach double digits, will need to be applied in Q1 2022, the extent of which and to what product lines will be communicated as a matter of priority as soon as we have allocation guarantees from our primary suppliers in the first quarter 2022.
We will continue to closely monitor the situation and will advise further as soon as any notable developments are finalised.
Regrettably, this means we will be re-evaluating our pricing. All prices prior to the 10.10.2021 will be subject to change in line with our standard terms and conditions.
We appreciate your continued understanding whilst we navigate through these unprecedented challenges.
Please Find additional Market Data below.