Due to continued significant increases in costs, IGM Resins is announcing a price increase on its Omnirad™, Esacure™ and Omnipol™ photoinitiator portfolio. 

The inflationary environment has continued to impact the industry. Global geopolitical events have caused sustained pressure and have increased the costs to unprecedented levels. The constrained accessibility to labor in the market has driven significant wage inflation while contributing to inefficiencies at manufacturing facilities. The impact of the supply chain and global shortage for several key raw materials for the production of photoinitiators and the continued increase in energy costs over the last months are further impacting IGM’s costs positions to a point where no further absorption of those are possible.

The increases will be 10% and will be effective as per May 1, as contracts allow.