Ashland increases prices up to 15 percent due to inflation-related costs
Ashland Global Holdings Inc. (NYSE: ASH) will implement a price increase of up to 15% on all products starting April 1, 2022. This adjustment aims to mitigate the impacts of inflation affecting raw materials, energy, freight, and labor costs. The price hike encompasses Ashland’s entire product range across various markets, including life sciences, personal care, and specialty additives.
The company emphasizes its commitment to sustainability while serving a diverse client base worldwide.
- Price increase of up to 15% may enhance revenue amid rising costs of raw materials and labor.
- Inflationary pressures could suggest potential challenges in profit margins if costs continue to rise.
WILMINGTON, Del., March 16, 2022 (GLOBE NEWSWIRE) -- Effective April 1, 2022, Ashland Global Holdings Inc. (NYSE: ASH) will increase prices up to 15 percent or as contracts allow, to cover general inflation related to raw materials, energy, freight, and labor. The price increase includes all Ashland products across all the markets and applications the company serves including life sciences, personal care, specialty additives and intermediates.
About Ashland
Ashland Global Holdings Inc. (NYSE: ASH) is a focused additives and specialty ingredients company with a conscious and proactive mindset for sustainability. The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. Approximately 3,800 passionate, tenacious solvers – from renowned scientists and research chemists to talented engineers and plant operators – thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com and Ashland | Sustainability Overview to learn more.
™ Trademark, Ashland or its subsidiaries, registered in various countries.
FOR FURTHER INFORMATION:
| Investor Relations: | Media Relations: |
| Seth A. Mrozek | Carolmarie C. Brown |
| +1 (302) 594-5010 | +1 (302) 995-3158 |
| samrozek@ashland.com | ccbrown@ashland.com |
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