March 16, 2022 - Buckman has announced global price increases for all product offerings. The price increases will become effective April 1, 2022, or as customer contracts allow.
The Memphis-based specialty chemical producer said price increases will vary depending on geographic region, solutions offered and market(s) served. In some areas, increases may be higher where local conditions may necessitate additional adjustments.
In a press release, Buckman said, "These unprecedented increases are required due to additional market increases for raw materials, energy, packaging, fuel and logistics costs. Current cost pressure is unlike anything that has been seen in the history of the specialty chemical sector. Proper price management will ensure continued supply of Buckman products to its existing customer base.
"Buckman continues to drive operational excellence throughout the organization with the goal of minimizing the impact of supply chain disruptions and cost increases."
Buckman is a privately-held, global specialty chemical company with headquarters in Memphis, Tennessee. To learn more, visit: www.buckman.com.
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