MBCC Group increases prices for Master Builders Solutions products in Europe
Mannheim, Germany, April 1, 2021 – In order to ensure production and supplies, MBCC Group is increasing prices for all Master Builders Solutions® products in Europe by 5 - 17% on average with immediate effect. The reasons for this increase are a drastic global shortage as well as strong price increases for key raw materials as well as important basic products and intermediates for the chemical and construction chemicals industry. Both is caused by an economic restart post Covid-19 as well as numerous outages in the raw material producing industry globally.
In addition, the global logistics and supply chains undergo a shortage in sea containers and pallets as well as a bottleneck in transport capacities, especially from Asian markets to Europe. This results in strong increases in freight and transportation costs.
“Our strategy is to continue to be a reliable partner to our customers. This also entails being predictable with regard to price increases, which usually will follow a regular review based on the long-term cost trend of our input factors. However, given the extreme situation we are experiencing in 2021, we are in an exceptional circumstance where additional price increases are required,” explained Dr. Christian Geierhaas, President Europe at MBCC Group.
About Master Builders Solutions
Under the global umbrella brand Master Builders Solutions®, we offer advanced chemical solutions for the construction, maintenance, repair and renovation of structures. The brand is built on more than 100 years of experience in the construction industry. Our comprehensive portfolio encompasses concrete admixtures, cement additives, chemical solutions for underground construction, waterproofing systems, sealants, concrete repair & protection systems, performance grouts, and performance flooring systems as well as solutions for on- and offshore wind energy. To solve our customers’ specific construction challenges from conception through to completion of a project, we draw on our specialist know-how, regional expertise and the experience gained in countless constructions projects worldwide. We leverage global technologies and our in-depth knowledge of local building needs to develop innovations that help make our customers more successful and drive sustainable construction. We operate production sites and sales offices in more than 60 countries.
About MBCC Group
The MBCC Group is one of the leading suppliers of construction chemicals and solutions worldwide and has emerged from the carve-out of the former BASF Construction Chemicals business from BASF Group. We offer innovative and sustainable products and solutions for the construction industry across different sectors, such as buildings, structures, underground construction and new construction as well as for renovation. Our strong brands Master Builders Solutions®, PCI®, Thermotek®, Wolman®, Colorbiotics® and Watson Bowman Acme® are well established in the marketplace. With our innovations, we address sustainability challenges in the industry. MBCC Group consists of approximately 70 legal entities worldwide and is home to around 7,500 construction experts in over 60 countries.
For more information go to: www.mbcc-group.com
We build sustainable performance.