12.31.18
LORD Corporation manufacturing company is raising prices based on changing market conditions.
While LORD actively works to control expenses and absorb cost fluctuations, significant increases in raw materials, feedstocks, logistics and transportation costs – coupled with rising energy, labor and tariff-related costs – have adversely affected the company's supply chain costs globally.
While LORD actively works to control expenses and absorb cost fluctuations, significant increases in raw materials, feedstocks, logistics and transportation costs – coupled with rising energy, labor and tariff-related costs – have adversely affected the company's supply chain costs globally.
Because of these rising costs, effective immediately, or as contracts allow, LORD will raise prices across its rubber adhesives and specialty materials by an average of 5 to 10 percent. This price increase will affect the Chemlok and Chemosil rubber-to-substrate adhesives as well as LORD’s line of specialty materials.
LORD remains committed to innovating within the industry, launching four new Chemlok Rubber-to-Substrate Adhesives, each specifically engineered to meet industry needs for more robust systems with strong environmental performance that offer application versatility. Over the past year, LORD has also provided training workshops globally and hosted educational events such as the International Rubber Journey, a conference where rubber industry professionals can learn about new trends and the latest in rubber adhesive technology while networking with others in the industry.
LORD remains committed to innovating within the industry, launching four new Chemlok Rubber-to-Substrate Adhesives, each specifically engineered to meet industry needs for more robust systems with strong environmental performance that offer application versatility. Over the past year, LORD has also provided training workshops globally and hosted educational events such as the International Rubber Journey, a conference where rubber industry professionals can learn about new trends and the latest in rubber adhesive technology while networking with others in the industry.
