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Minimum 10% price increase on all filtration media and energy solutions will be effective starting December 15
November 8, 2021
By: Tara Olivo
Hollingsworth & Vose (H&V), a global manufacturer of advanced materials used in filtration, battery and industrial applications, announces it will be increasing prices. The global filtration media and energy storage markets continue to experience significant demand recovery since the downturn in 2020. However, sustained inflation concerns, and unprecedented supply chain disruptions have led to rapidly increasing commodity costs in raw materials, transportation and energy. H&V is committed to its long-standing relationships including consistent supply, ongoing capacity investment and product innovation; therefore, the company says it is necessary to implement a minimum 10% price increase in all regions, subject to contractual obligations. The changes will be effective on all filtration media and energy solutions orders shipped on or after December 15, 2021.
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