Doneck Network Announces Further Price Adjustment

Over the last two quarters, the massive increases in the costs of raw materials, transport and packaging have continued unabated and an end is currently not in sight.

There are still considerable shortages in the entire raw materials sector and Doneck Network is doing everything in its power to secure its ability to deliver. So far, Doneck has managed to do so to a large degree, but only by incurring considerable extra costs.

Apart from the raw material prices, which have rocketed due to numerous shortages in the supply chains of chemical raw materials and specific preliminary products, Doneck is now having to pay several times the usual rates for sea transport.

The cost increases apply to virtually all organic pigments. The inorganic pigments are very badly affected, as are resins, binders, solvents and additives. Some suppliers have reported force majeure or sales control in the current quarter or have increased the delivery times for raw materials up to several months. Transport and packaging costs have also increased by a two-digit percentage.

Despite intensive efforts to keep the cost increases as low as possible, the Doneck Network is also subject to this considerable inflation pressure. A further price adjustment, effective from Oct. 15, 2021, is therefore absolutely necessary.