Benzinga | Nov 22, 2021 04:40PM EST

GCP Applied Technologies Reports 10% Price Increase for North America Concrete Admixtures

GCP Applied Technologies Inc. (NYSE:GCP), a leading global provider of construction products, today announced it is implementing price increases for Concrete Admixtures in North America.

To continue providing the exceptional solutions GCP's customers rely on, at the levels of service they require, it is necessary to increase prices up to 10% for all concrete admixture and fiber products effective January 1, 2022.

"The global supply chain impacts on raw material and freight costs have been unprecedented over the past six months and input costs are not expected to subside in the near-term. We have continued to increase our inventory levels to service our customer's needs, and added freight capacity to ensure timely supply," commented David H. Campos, GCP's President of Specialty Construction Chemicals.

"Our focus continues to be the success of our customers, and their end-users and to support quality, sustainable and economically-efficient construction practices. GCP's regional sales team will contact our customers individually to discuss the specific implications for their business," Campos concluded.