• Drastic increase in insulation manufacturers’ raw material and operating costs
  • Informing all market participants in good time
  • Armacell, a reliable partner in the insulation industry
  • Best possible service and delivery quality

Prices for raw materials have risen significantly in recent months, at times reaching new all-time highs. What initially appeared to be a short-term cost increase in the raw materials industry has now developed into a very acute situation with far-reaching consequences for all those involved in construction.

There are many reasons for the current shortage of raw materials and supply bottlenecks. The demand for many raw materials has increased considerably throughout the world. As a result, prices are rising and the current raw materials shortage is leading to stockpiling.

“A pandemic on this scale has incalculable consequences for the global flow of goods and presents extraordinary challenges for our closely interconnected world. The construction sector as a whole and we as insulation manufacturers are under enormous price pressure. We are currently experiencing an unprecedented price explosion as far as our material and operating costs are concerned. All types of plastic are affected by these drastic price leaps,” Guillerme Huguen, Armacell Chief Strategic Development Officer & Chief Purchasing Officer, explains.

Malte Witt, Armacell Vice President EMEA & Chief Marketing Officer, adds: “In recent months, we have made enormous efforts to minimise the risks resulting from the current difficult situation for our business partners. However, with prices for our raw materials, operating supplies, energy and logistics continuing to rise, our options in this extremely tense situation on the market are limited. We realise that in this phase it is crucial that our customers are able to plan, and therefore we inform wholesalers and installers about developments in good time. We want to prevent installers being left to bear the higher costs and recommend that they include provisos to cover price increases in their quotations. In these difficult times for all of us, strong and reliable partnerships are more important than ever.”

Über die Armacell GmbH

As the inventors of flexible foam for equipment insulation and a leading provider of engineered foams, Armacell develops innovative and safe thermal, acoustic and mechanical solutions that create sustainable value for its customers. Armacell’s products significantly contribute to global energy efficiency making a difference around the world every day. With over 3,000 employees and 23 production plants in 15 countries, the company operates two main businesses, Advanced Insulation and Engineered Foams, and generated net sales of EUR 591 million and adjusted EBITDA of EUR 120 million in 2020. Armacell focuses on insulation materials for technical equipment, high-performance foams for high-tech and lightweight applications and next generation aerogel blanket technology. For more information, please visit: www.armacell.com Information on our products can be found at [url=http://www.armacell.eu]www.armacell.eu[/url]

Firmenkontakt und Herausgeber der Meldung:

Armacell GmbH
Robert-Bosch-Str. 10
48153 Münster
Telefon: +49 (251) 7603-0
Telefax: +49 (251) 7603448
http://www.armacell.com

Ansprechpartner:
Tom Anen
Director Corporate Communications
Telefon: +352 (2484) 9828
E-Mail: press@armacell.com
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