Besides the increase in steel prices the automotive industry is now having to cope with an increase in prices of important plastics.
Go deeper with GlobalData
Prices of polyamides, used in airbag housings, for example, and polypropylene, used to make bumpers, increased 30% in 2004, according to the German association that represents the plastics processing industry, reported Automobilwoche.
Raw material prices are an important aspect of current price negotiations between automotive tiers. Mann + Hummel is quoted as an example of a company trying to pass on higher costs to the OEMs.
VDA President Bernd Gottschalk is concerned that a number of price concerns are coming together at a time when there is little room to manoeuvre.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
