“Freudenberg Performance Materials is continuously working to improve productivity and efficiency so as to proactively compensate for cost increases. Despite all internal efforts at all our sites, we are unfortunately no longer able to absorb the effects of the strong and sustained increase in raw material costs this year. Shortly, we will therefore enter into discussions with our customers with a view to jointly finding solutions that are suitable for both sides. We ask our customers for understanding regarding this necessary measure,” explains Dr. Frank Heislitz, CEO of Freudenberg Performance Materials.
The company will closely monitor the development of raw material costs and will review the situation together with its customers in 2019.