Raw materials soared, squeezing profits, and coating companies announced price increases again!

The word price increase has been common in the chemical coatings industry in recent years, and the popularity has not diminished.
No matter in 2020 when the epidemic broke out or in 2021 when the epidemic frequently counterattacks, the adverse effects of raw material prices on the coatings industry will continue to ferment
.
2021 is a year of volatility in the global chemical raw material market.
The purchase price of raw materials has been at a high level, and the supply of many key raw materials is even more uncontrollable! In addition, factors such as the counterattack of the epidemic, the tightening of environmental protection policies, and the intensification of industry competition continue to increase.
Whether it is the upstream suppliers of the coating industry, or the coating companies or the downstream distributors are under obvious pressure, which eventually makes it difficult for the coating companies to digest, and the prices of coating products rise
.
Chemicals have continued the trend of last year's price increase since the beginning of the year.
Emulsions , titanium dioxide , additives , pigments, seasonings, resins , etc.
in the coatings industry chain have also risen dramatically.
In response to high costs, AkzoNobel, Kansai Paint, Pakistan Taxi, Carpoly and other paint companies sent letters to announce product price increases, up to 60%
.
In fact, the impact of the rise in raw materials on coating companies is obvious
.
The coatings industry is one of the areas that is more affected by rising raw material prices
.
Due to rising raw material prices, increased production costs and lower profits, some companies had to adjust product prices
.
The price adjustment will also have an impact on the order volume, which in turn affects the company's profit
.
Due to the sharp rise in the price of raw materials, the production cost of paint enterprises has risen accordingly, the price increase of paint products has lagged, and the profitability has been affected
.
Of course, in addition to the impact of rising raw material prices on performance, the thunderstorms of real estate companies have also brought serious adverse effects to paint companies
.
Carpoly to adjust product availability from January 22, 2022On January 1, 2022, the Carpoly Full Decoration Products Division issued an early warning notice for the price adjustment of full decoration products in January 2022.
The business department has researched and decided that the product supply price will be adjusted from January 22, 2022.
The specific product category and the increase rate related to the price increase shall be subject to the notice issued
.
Carpoly said that in the past year, the group has taken extreme measures such as internal efficiency improvement, process optimization, and policy regulation, in order to minimize or prolong the adverse impact of embroidery caused by sharp rises and fluctuations in raw materials
.
After nearly a year of active optimization efforts, it is still difficult to eliminate the adverse effects of rising raw materials and operating costs, and normal production operations are still greatly affected
.
 AkzoNobel's price increase from March 1 On February 10, AkzoNobel (Shanghai) Co.
, Ltd.
issued a product price adjustment notice saying that due to the continuous rise of raw materials such as emulsions, titanium dioxide, and solvents, in order to continue to improve product and service quality , after careful research, it is decided to adjust the price of some products .
Price adjustment product price effective time: from 0:00 on March 1, 2022 .
Thi er ry Vanlancker, CEO of AkzoNobel, said: "Looking at the performance of the full year 2021, we have successfully achieved six consecutive quarters of sales growth .
Our team responded quickly and launched strong pricing measures as costs increased in euros .
Based on this outstanding performance, our profit in 2021 will be in line with the previous year .
In the future, we will continue to make efforts to be No.
1 in 2022.
The quarter continued to reduce a series of adverse effects from rising raw material prices .






   From April 1st, the price of Kansai paint will increase by up to 60%! Recently, Kansai Paint Co.
, Ltd.
issued a notice on "Price Adjustment of Paint and Thinner Thinner Products" .
The product areas for which prices are adjusted include industrial coatings and general coatings (architectural, anti-corrosion, auto repair), and the price revision period is from April 1, 2022 .
Kansai Paint stated that the company will adjust product prices on June 22, 2021 against the background of rising raw material prices and rising logistics costs .
However, since the last price adjustment, raw material prices have continued to rise sharply, international logistics are tight, and energy costs remain high .
In the event that a substantial increase in costs is inevitable, the company continues to make every effort to ensure a stable supply of products, such as increased productivity and radical cost reductions .
But in the case of the enterprise's efforts far exceeding the limit, as a last resort, the company will adjust the product price again .
Bardez raises the price of decorative paint products On February 9, 2022, the decorative paint division of Guangdong Bardez Chemical Co.
, Ltd.
issued an early warning letter for the price increase of decorative paints.
According to the trend of raw material prices, in order to ensure the continuous output of high-quality products to the market products and services, and the friendly principle of mutual benefit and common development .
After the company's research and decision: the company will increase the price of decorative paint products at any time according to the trend of raw material prices .
 Guangdong Yuxiancai Glazed Environmental Protection Materials Co.
, Ltd.
On February 22, Guangdong Yuxiancai Glazed Environmental Protection Materials Co.
, Ltd.
issued a pre-adjusted price increase letter.
Due to the continuous rise of raw materials, the cost has increased sharply.
In order to better provide you with high-quality products products and services for the sustainable and steady development of the company .
After the company's research, it is decided that some products will be increased accordingly from March 1, 2022 .






   

 

  Axalta: Adjusting the prices of automotive refinish paint products In January 2022, Axalta Coating Systems (Shanghai) Co.
, Ltd.
issued a notice of price adjustment for Axalta's automotive refinish paint products, announcing an increase in the price of automotive refinish paint products sold in China The price of Audurra® and non-paint products are not within the scope of this price adjustment.
If subsequent price adjustments are made, further notice will be given
.
The decision will take effect on February 1, 2022
.
Axalta Chairman and Chief Executive Officer Robert W.
Bryant commented, "We continued to take aggressive steps to offset these headwinds by implementing pricing and cost actions, however, at the end of the year, there was a gap between cost inflation and realized offsets.
There are still gaps
.
So we are implementing additional price action as needed to offset cost increases across the business
.
Our current expectation is that overall, the remaining uncovered inflation from 2021 and the projected incremental inflation this year It will be fully offset during 2022.

” Details of the price increase of Baise Bear will be released after spring "Dealer supply price (tax included)" and "recommended retail price (tax included)" will be adjusted accordingly.
The specific product adjustment range and adjusted price details will be released after the spring
.
Huntsman: Silicone Coating Prices Increase by 40% On January 4, 2022, Huntsman issued a price adjustment letter.
As 2021 comes to an end, the thermal insulation material industry has experienced an unprecedented shortage of blowing agents and blowing agents , which has affected the closure of the industry.
Availability of cellular foams
.
During this period, the cost of raw materials required to produce spray foam increased significantly
.
Although we have been able to cover the cost of other products, Huntsman Building Solutions will increase the price of closed-cell foam products by 14% and increase the price of our silicone coatings by 40% on or after February 1, 2022 %
.
Hebei Zhuobang Mingda Waterproof Material: Raise the price of the product Hebei Zhuobang Mingda Waterproof Material said that it will no longer make price concessions after the increase
.
Modified bitumen waterproofing membranes will be increased by 10%-15% on the basis of the original price; polymer membranes will be increased by 10%-20% on the basis of the original price; waterproof coatings and waterproof coatings will be increased by 10%- 20%
.
China Resources Coatings: The company will have to implement price adjustments at the right time.
On February 16, Valspar (Shanghai) Enterprise Management Co.
, Ltd.
(China Resources Coatings) issued a price adjustment warning notice, saying that from the second half of 2020 to 2021, international and domestic chemical industry Raw materials rose rapidly and continued to run at a high level
.
Although there was a short-term downward adjustment at the end of 2021, the price of chemical raw materials rose sharply again after the Spring Festival due to the rise in international crude oil prices and the declaration of force majeure by many upstream raw material suppliers and the suspension of production and maintenance
.
At the same time, Valspar also said that we have tried our best to absorb the pressure of rising costs through internal digestion measures, but in order to continue to maintain the quality of products and services, but also to protect the long-term interests of our customers and achieve common sustainable development
.
If material prices continue to run high, companies will have to implement price adjustments at the right time
.
ACTEGA (Ataka): Waterborne coatings rise from February 1 ACTEGA (Ataca) announced that the price of the company's waterborne coatings will increase from February 1, 2022 due to supply chain cost pressures
.
Summary It is obvious that factors such as rising raw material prices, explosions in housing companies, epidemics, and dual control of energy consumption are all making the living environment of coating companies worse.

.
In the context of rising raw material prices, paint companies are facing great cost pressures.
Some experts said that today's raw material prices are actually not high compared to ten years ago.
The difference is that although the prices of raw materials and coatings were high ten years ago, but The market is still in short supply
.
However, the current prosperity of the paint industry is not as good as before, the market demand is insufficient, the supply of paint products is oversupply, and the life of large and small enterprises is even more difficult.
This year, paint companies want to make low-cost money.
The war can only be a dead end.
Introducing the old and bringing forth the new to break the outdated thinking of competition and good quality can resist the menacing "price increase"