Essity has said it will introduce price hikes across all its product categories and markets in an attempt to compensate the “substantially higher costs” of raw materials, energy and distribution.
Magnus Groth, President and Chief Executive, said: “We do not expect a decrease in the historically high costs for raw material, energy and distribution in the near term.
“Price increases are therefore essential to compensate for the higher costs while we continue to increase customer and consumer value through leading innovations and implement efficiency measures to achieve cost savings.”
The timing and degree of the price increases will be managed locally.
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