GlobeNewswire Inc | Mar 29, 2021 05:00PM EDT

March 29, 2021

CAMBRIDGE, Mass., March 29, 2021 (GLOBE NEWSWIRE) -- GCP Applied Technologies (NYSE:GCP) has announced that it is implementing price increases for certain Cement Additives, where allowable under contract terms.

We are committed to providing customers with the highest-performing products and industry-leading technical service.This price increase is necessary to meet unprecedented inflationary pressures facing the global chemical and construction industries. These are resulting from tightness in the raw materials supply chain exacerbated by restrictions of ocean freight and the winter storm which impacted gulf coast chemical manufacturers in the US. We now see that we are likely to be in an inflationary cycle for all of 2021," said Dr. Boudewijn van Lent, GCPs Executive Vice President of Specialty Construction Chemicals.

GCPs regional sales organization will contact customers individually to discuss the details, which will vary by product.

About GCP Applied Technologies

GCP is a leading global provider of construction products technologies that include additives for cement and concrete, the in-transit concrete management system, high-performance waterproofing products, and specialty systems. GCP products have been used to build some of the worlds most renowned structures. More information is available at www.gcpat.com.

Media RelationsChristine Welby+1 617.498.4976mediainfo@gcpat.com