The global provider of construction products, today announced it is implementing price increases effective 1 April 2022 for Concrete Admixtures, Cement Additives and Specialty Building Materials in Asia Pacific.
The announcement of price hike came as a result of surging freight costs and costs are not expected to subside in the near future.
The company in their released statement said that, “It is necessary to increase prices for all construction products effective April 1, to continue providing the exceptional solutions GCP’s customers rely on, at the levels of service they require”.
“The global supply chain impacts on raw material and freight costs have been unprecedented over the past nine months and costs are not expected to subside in the near future. We have continued to increase our inventory levels to service our customers’ needs, and added freight capacity to ensure timely delivery. We are committed to provide customers with the highest-performing products and industry-leading technical service. GCP’s regional sales team will contact our customers individually to discuss the details of the price increase,” commented Jimmy Ho, GCP’s President of Asia Pacific Region.
