Monday, August 30, 2021

Prices: H.B. Fuller Implements An 11% Surcharge To Cover Rising Input Costs (FUL)

Fuller is a $3 billion revs. industrial adhesives manufacturer whose products are themselves often inputs for other goods and services. This is how producer price increases bleed into the CPI.

From Reuters via MSN, the bullet points, August 30:

BRIEF-H.B. Fuller Implements Surcharge To Recover Significant Cost Increases In Raw Materials And Related Services

* H.B. FULLER IMPLEMENTS SURCHARGE TO RECOVER SIGNIFICANT COST INCREASES IN RAW MATERIALS AND RELATED SERVICES

* HB FULLER CO - WILL IMPLEMENT AN 11% SURCHARGE ON SHIPMENTS OF ITS PRODUCTS GLOBALLY, EFFECTIVE SEPTEMBER 1, 2021

* HB FULLER CO - SURCHARGE IS EXPECTED TO BE PERMANENTLY INCORPORATED INTO EXISTING PRICING BY DECEMBER 1, 2021...

....One More

Apparently this is a non-transitory surcharge.