Price Increase for Lhoist North America Mineral Products

18 November 2014

News Release:

Lhoist North America is announcing a price increase for mineral products effective January 1, 2015. Subject to existing contractual commitments, all products shipped after December 31, 2014 will be billed at the new price regardless of the date the order is placed. Lhoist North America manufactures a wide variety of products that are each subject to varying cost escalations. Therefore, we are increasing price for each product line separately to better reflect cost escalations and reduce the impact to our customers.
Several items are negatively affecting the costs in our industry:

  •  The costs of raw materials, transportation and people are increasing as the economy recovers
  •  New or increasing regulatory pressures are impacting businesses in a variety of ways :
    • Increasing governmental permitting requirements for the development of new reserves and plants are more difficult, costly, and take longer.
    • New environmental regulations are requiring new investments in baghouses (dust control), air emission controls, waste disposal and other control measures.

To meet the demand and regulations, Lhoist North America (LNA) continues to invest substantial capital in order to keep operating efficiencies high and manufacturing costs controlled while providing its customers assurance of supply. We are doing everything possible to improve our business while minimizing the impact of outside cost drivers.
In light of all these factors, LNA will be implementing a 4 to 8.5% increase in list prices for mineral products on January 1, 2015, as existing contractual commitments allow. We do not take this decision lightly, but we believe it necessary to continue to be able to provide our customers with high quality products and services. Your LNA Sales Manager will be contacting you shortly with the details of the specific increase on the products that you purchase.
We value the business you have entrusted to us and assure you that we are continuing our cost control efforts. If you have any questions, please do not hesitate to contact your local sales representative.

 

Lhoist North America
P.O. Box 985004, Fort Worth, Texas 76185-5004
3700 Hulen Street, Fort Worth, Texas 76107
Phone: (817) 732-8164 (800) 365-6724 Fax: (817) 732-8144

lna_announces_2015_mineral_price_increase.pdf