MacDermid Incorporated Announces a Metal Surcharge on Selected Products in the Greater China Region
WATERBURY, CT - MacDermid, Incorporated today announced that its Advanced Surface Finishing division will implement a surcharge on selected precious metal-containing products in the Greater China region. These surcharges will be effective November 1, 2010, and are driven by the continuing upward trend in precious metal prices.
MacDermid already employs a metal surcharge in its pricing structure in other parts of the world. The introduction of this surcharge will bring it's Greater China business in line with its business practices in other geographies.
Michael J. Siegmund, President of MacDermid's Advanced Surface Finishing division, explained, "the implementation of a surcharge on selected products will allow us to offer our customers competitive pricing at all levels of precious-metal costs. While the immediate effect of these surcharges will be to increase pricing to our customers, these increases will be mitigated once precious metal pricing returns to historical levels."
About MacDermid: MacDermid, Incorporated is a leading worldwide manufacturer of speciality chemical solutions for the metal and plastic finishing, electronics, graphic arts, and offshore oil industries. Founded in 1922, MacDermid employs over 1900 people in more than 20 locations throughout the world. For more information on MacDermid visit us at www.macdermid.com.