Notice regarding price revisions of industrial film products
Feb 9, 2022
Toyobo Co., Ltd. is announcing the price revisions of its industrial film products as follows.
The prices of raw materials for industrial film products have surged further due mainly to the recent rising prices of crude oil and naphtha. In addition, the costs of fuel, electricity, distribution and facility maintenance have risen, pushing manufacturing costs higher.
Under these circumstances, Toyobo has made the utmost efforts to thoroughly cut costs and improve productivity, but the repeated price hikes in the raw materials and overhead costs are beyond what corporate efforts can deal with. Toyobo determined that it would be difficult to stably supply products to its clients under the current pricing system and that it would inevitably have to raise prices.
2. Products subject to price revisions and their ranges
|All brands of industrial film products:||10% increase from the current prices|
3. Timing of price revision
Products to be shipped from March 1, 2022
For more information, contact
Public Relations Group, Corporate Communication Department, Toyobo Co., Ltd.
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