The Heubach Group pigment prices are experiencing a temporary transportation surcharge due to the recent conflict in the Red Sea.
The global supplier of organic, inorganic and anti-corrosive pigments Heubach Group, affected by the recent condition on the Red Sea and the Suez Canal, has passed on the surcharges that global carriers have imposed on their shipments.
“Heubach has been monitoring the situation closely in recent weeks and has adopted its business to ensure there is as little impact as possible on supply of our pigments, preparations and dyes. But the short-term changes and new routes adopted add not only additional time in transit, but also cost,” has stated Tyler Kilgannon, Senior Vice-President of Sales for Europe and the American regions.
The prices of the products have been supplemented with a temporary transport surcharge of between €0.10/kg and €0.25/kg for pigments and preparations. This surcharge was calculated based on the logistics routes, the origin of the raw materials and the location of the plants. Furthermore, the price of the surcharge may increase or decrease depending on the escalations or conclusion of the conflict in the Red Sea.
“After the logistic price increase in Europe and the Americas and recently also in Asia we are committed to keep all cost drivers under control and the impact on our customers at a minimum. But after significant reflection, we can no longer absorb these higher logistic costs”, has added Takayoshi Miyatani, Senior Vice-President of Sales for the AMEA region.