Ecolab Inc., announced that its industrial segment is implementing price increases for all Industrial segment divisions, effective immediately or as contracts permit.
The need for these price increases is driven by the continued and significant escalation of energy and raw material costs, tightening availability of raw materials and rising packaging, transportation, personnel and utility costs, according to the press release.
Pricing for most Industrial segment programs will increase between 9% and 15%. Price increases will vary by country and industry, driven by local cost increases.
“Our focus for customers is consistent – helping them achieve the best operating performance while optimizing the efficiency and total cost of their operations," said Darrell Brown, Ecolab executive vice president and president, Global Industrial in the press release. "Key to this value delivery – which we call our Exponential Return on Investment (eROI) – are the ongoing investments we make in our industry-leading products and in the advanced industry expertise our sales-and-service associates bring to every customer site.
Ecolab Industrial sales representatives will contact customers to discuss the impact of these increases.
