Due to surge in all major raw material cost ILMA advises the members to look into their respective costing and act accordingly. The industry is under pressure to increase the price of product very soon.
The advisory issued today (10, February, 2022) by ILMA says, “There has been unprecedented increase in the unit prices of raw materials like Craft paper, Base paper, Melamine, Phenol, etc besides substantial increase in the cost of fuel and transport and this has resulted into increase in the overhead cost of production.”
According to the advisory and the analysis done by ILMA the impact of rising cost of production is Rs 40 for 1mm, Rs 30 for .8mm Rs 20 for 0.7mm and Rs 20 for Door Skin and Compact per mm. The circulation of the cost increase has been made in view of the request from several members, hence the costing is clearly based upon members cost analysis and excludes incidental all taxes.
ILMA being representative body of laminate producers across the county has assessed the impact of increase and issued advisory to all the members from time to time as below based on prevailing market price so that members can take appropriate decisions and suitable actions.