Camoplast Solideal raises prices 10%

Camoplast Solideal is to increase the prices of its European material handling and construction by 10 per cent from 1 May 2015. According to the company, the decision follows the ongoing depreciation of the euro and other currencies in light of the strengthening US dollar.

“The cost of raw materials, labour and shipping are all dollar-based activities for our business. Initially, we were able to offset the impact of this negative exchange rate with favourable raw material costs but as the euro has continued to deteriorate, maintaining this balance was no longer possible,” said François Augnet, chief operating officer – Construction and Material Handling at Camoplast Solideal, adding: “Despite this rational price increase, we remain committed to delivering the most competitive products in the industry to our dealer and distribution network to ensure their continued success”.