THE WHAT? Croda International is increasing prices in selected markets to counter rising input costs linked to the Iran conflict.
THE DETAILS The UK-based specialty chemicals company has implemented price hikes across parts of Asia and Europe, tailoring increases by customer rather than applying a blanket approach. The move follows rising energy and supply chain costs driven by the conflict, although Croda reported no material impact in the first quarter. The company continues to monitor the situation while maintaining its full-year targets. In Q1, revenue remained flat at £431 million, with consumer care delivering 4% organic growth, supported by demand for beauty ingredients, while life sciences declined 3%.
THE WHY? The pricing strategy is aimed at protecting margins and offsetting inflationary pressures caused by geopolitical disruption to energy markets and supply chains.
Source: Reuters
