Benzinga | Nov 19, 2021 08:34AM EST

Ecolab's Industrial Segment Raises Prices By 15% On Average

Ecolab Inc., the global leader in water, hygiene and infection prevention solutions and services, is implementing price increases for all Industrial segment divisions, effective Dec. 1, 2021, or as contracts permit, due to the substantial escalation of raw material costs, tightening availability of raw materials and significant increases in packaging, transportation, logistics, labor and utility costs.

Price increases will vary by product category, with pricing for most Industrial segment programs averaging increases of 15%.

"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. "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.

"The dramatic increase in cost pressures and the challenging availability of key raw materials over the past several months have made it necessary to raise prices. Doing so will help offset ongoing cost increases incurred by us and ensure we can continue to provide the leading technologies, solutions and services to help our customers, including programs to reduce water and energy use, waste and their total cost of operation."

Ecolab Industrial sales representatives will be available for customers to discuss the impact of these increases.