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BRIEF-Johnson Matthey Announces Price Increase

reuters ·  Feb 1, 2022 17:42

Feb 1 (Reuters) - Johnson Matthey PLC JMAT.L :

* JOHNSON MATTHEY ANNOUNCES PRICE INCREASE

* JOHNSON MATTHEY - PORTIONS OF CHEMICALS AND FUELS, ENERGY BUSINESSES ARE IMPLEMENTING PRICE INCREASES, EFFECTIVE IMMEDIATELY OR AS CONTRACTS PERMIT

* JOHNSON MATTHEY: NEED FOR PRICE INCREASES IS DRIVEN BY ESCALATION OF ENERGY AND KEY RAW MATERIAL COSTS, RISING LOGISTICS AND PACKAGING MATERIAL COSTS

* JOHNSON MATTHEY: NECESSARY TO IMPLEMENT A PRICE INCREASE ACROSS BUSINESSES BY 15%.

* JOHNSON MATTHEY - INFLATIONARY PRESSURES ACROSS SUPPLY CHAINS, IT HAS BECOME NECESSARY TO IMPLEMENT A PRICE INCREASE ACROSS BUSINESSES BY 15%

Source text for Eikon: ID:nPn9QJlXFa Further company coverage: JMAT.L

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