Infineum Set to Increase Lubricant Additive Prices
Infineum advised customer that it will be implementing a general lubricant additive price increase of up to 8%, effective November 1, 2021. The increase is said to impact most of the lubricant additives manufactured and supplied globally by Infineum. According to a number of blenders JW spoke with, they have been advised that the price increase is necessary due to continuing pressure on raw material cost and the ongoing challenges present in global supply chains.