Price-increase
Johnson Matthey announces price increase
Johnson Matthey, a leader in sustainable technologies, has announced that portions of its chemicals and fuels and energy businesses are implementing price increases, effective immediately or as contracts permit. The need for these price increases is driven by the escalation of energy and key raw material costs, rising logistics and packaging material costs.
Despite ongoing commercial excellence initiatives, it is no longer possible to continue to offset these unprecedented conditions. As the company continues to face inflationary pressures across supply chains it has become necessary to implement a price increase across the businesses by 15%.