Orion S.A. (NYSE: OEC), a global specialty chemicals company, announced it is increasing prices by up to 25% and introducing a variable surcharge to all of its Specialty segment customers.This action is required because of rising costs, supply chain disruptions and feedstock cost volatility related primarily to the ongoing conflict in the Middle East.
Orion S.A. has announced price increases of up to 25 per cent for customers in its Specialty segment and will introduce a variable surcharge.
The company cited rising costs, supply chain disruptions and feedstock price volatility linked largely to the ongoing Middle East conflict.
The changes will take effect immediately or as existing customer contracts allow.
The price increase and new surcharges will become effective immediately, or as contracts allow.
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