TenCate Geosynthetics EMEA is facing record increases in costs, the company says in a prepared statement. In the light of this development, the company needs to adjust the prices of its complete product portfolio by 10–15%. This measure, which will be effective Jan. 1, 2022, is a necessary step to compensate for the current cost dynamics in the market.
The unpredictable and unforeseeable price increases witnessed in recent months have arisen due to disruptions in the supply chains, a shortage of raw materials, and increased freight and energy costs, all of which are heavily impacting the cost structure of the product portfolio and spelling out the need for a new pricing structure. Experts see no end to this market situation at present, and the high costs and disordered supply chains are expected to remain at a high level well into 2022.
TenCate Geosynthetics EMEA endeavors to be a reliable and professional partner for its customers. The company is doing everything in its power to ensure that the added value of the TenCate Geosynthetics EMEA product range continues for our valued customers. This includes the extended availability of stock articles, which compensates for supply bottlenecks, especially now, to meet customer demands immediately. Actively working together with European supply chains to be able to react quickly and diligently to changing conditions is another promise the company has made. The management of TenCate Geosynthetics EMEA assures that it will continue to focus uncompromisingly on the highest quality for its products and will do its utmost to maintain its ability to deliver in the future, the company says.