ACP producers collectively decided to increase the prices by 10 percent with immediate effect due to high prices of raw materials. The decision was taken by ACP MANUFACTURER ASSOCIATION during their video conference meeting held on 24th Nov, 2020.
Every present member shared their views about the increase in incoming raw material prices. Members say, “If we compare raw material prices from June, 2020 to today’s prices, it has increased by 20-25% approximately. Hence we are forced to pass this increased cost to market.”
The members mutually decided for a price hike of 10% on all of their products. It would be applicable with immediate effect from 24th Nov, 2020.