Unitika announced that it will raise prices of glass fiber products for industrial materials by 30% or more from shipments on 1 December. The increase is driven by surging raw material costs and supply shortages amid growing semiconductor demand.
Unitika announced price increases for glass fiber products for industrial materials in response to growing demand for AI semiconductors used in data centers, as well as soaring glass raw material costs and supply shortages.
The price increases will apply to shipments from 1 December, with the increase set at 30% or more.
Unitika supplies glass fiber for industrial materials, including resin reinforcement and insulation, and rising semiconductor demand is driving up raw material costs.