Jacobi is announcing its decision to implement a general 10% price increase on all coconut-based activated carbons due to a substantial increase in raw material costs. The price increases will be applied for shipments made on – or after – April 1, 2021. Due to our multiple sourcing locations and our professional sourcing approach of charcoal throughout Asia, fortunately we have been able to secure supply. However, the costs have continued to increase significantly again during Q1 2021. Unfortunately, this continued increase is beyond what Jacobi can absorb.
Since Q4 of 2020, significant increases in the costs of raw materials (Styrene, Divinyl Benzene and Acrylonitrile) used to produce Ion Exchange Resins (IER) have also taken place. This has led to the decision of a general price increase of 5% for all IER shipped on – or after – April 1, 2021.
We continue to reduce overhead expenses to mitigate the situation, however, a partial pass-through of these raw material cost increases to our customers is unfortunately necessary.
Our strategic sourcing team continues to work tirelessly to minimize any cost impact to our customers.
We thank you for your support and understanding as we continue to ensure supply in spite of these challenges.
Remko Goudappel CEO