Hollingsworth & Vose (H&V) expect the increases to range from 5-15%. The price increase will be effective with all orders shipped after 1 February 2011, or as established contractual agreements will allow.
David von Loesecke, vice president and general manager of the H&V’s Engine and Industrial Business said: “Despite well publicized moderation in commodity pulp costs, we are actually seeing significant increases in specialty pulps, resins and energy. Some raw materials continue to be in tight supply as a result of capacity reductions by our suppliers during the recession. In order to secure adequate supply and, in turn, assure supply to our own customers, we are paying higher prices.”