Since 2017, the prices of the main raw materials for coatings have risen sharply. Since January 2017, the price of liquid epoxy resin has increased by 82%, the price of titanium dioxide has increased by 68%, the price of zinc powder has increased by 104%, and the price is still rising.

Sherwin has made every effort to cooperate with raw material suppliers, production departments and research and development departments to reduce the impact of rising paint prices on customers, but a new round of price adjustment has exceeded our affordability. Therefore, Sherwin Industrial Heavy Duty Corrosion and Marine Coatings Division announced that it will raise 25% of product prices, and it will begin to be implemented on March 1, 2018.

The price adjustment is based on the rising price of raw materials prices, when the raw material prices fall down, the price will be the appropriate reduction.

Sherwin said it will continue to refine its management of operations to reduce costs, and as much as possible to share the increased costs and reduce future price increases.