Supor: Raw Material Costs Rose Significantly in First Half, Pressure to Continue in Q3 and Q4, Hedging and
Supor, the Chinese kitchenware maker, said that bulk raw materials including aluminum, stainless steel and plastics saw significant cumulative price increases in the first half of the year, driven by geopolitical conflicts. The company expects cost pressure to persist through the third and fourth quarters. It is using external hedging and internal cost-lean projects to mitigate the impact.
Supor said in a conference call that bulk raw materials including aluminum, stainless steel and plastics had risen significantly in aggregate in the first half of the year, affected by geopolitical conflicts. The company is reducing the adverse impact of higher raw material prices through measures such as external hedging and internal cost-lean projects.