Dickson, TN – Zochem has announced that prices for all grades of zinc oxide will increase 3 to 5%. The price increase will not affect customers currently under contract with the company.
Zochem is notifying customers of the change, which will go into effect for all new orders placed, effective October 15, 2020. The increase is being implemented to offset increased costs of freight, supply chain integrity, labor, and COVID-19 related costs. The increase will also support ongoing capital improvements, to expand product offerings, and enhance manufacturing capabilities.
“Current prices in the market are not sustainable,” stated Zochem CEO Ron Crittendon. “This small increase will allow Zochem to maintain the highest standards as a zinc oxide producer, while providing value to both our customers and shareholders.”