Charges throughout all categories have by significantly outpaced the firm’s anticipations and are forecasted to continue to be on large levels all through 2022. This historic selling price trend has placed considerable pressure on Freudenberg Performance Products, and it understands in a identical way on its prospects.
At this stage the enterprise can no more time take in the consequences of these superior selling price ranges. Freudenberg will consequently modify its charges for all its Colback and Lutradur branded nonwoven products and solutions for flooring and filtration application by double-digit will increase dependent on products styles.
Freudenberg Overall performance Resources will continue on to get the job done really hard on strengthening productiveness to offset inflationary strain to preserve appealing price tag amounts and to keep away from further price changes. It will proceed to monitor the industry advancement and in circumstance of sustained and sudden downward traits we will alter our rates appropriately.