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Benzinga
Benzinga
Business
Shivani Kumaresan

Diversey Plans To Implement Energy Surcharge

Nasdaq
  • Diversey Holdings Ltd (NASDAQ:DSEY) plans to apply an additional price supplement, ranging 8% -15%, in the form of an energy surcharge.
  • The new surcharge will be effective for all deliveries from April 15, 2022.
  • The company attributed the necessity to partially offset incremental inflation and the significant rise in energy, gas, and oil prices.
  • A major chunk of the raw materials and manufacturing for Diversey's portfolio are by-products of energy-intensive processes.
  • The impact of high energy costs and reduced output in these industries has resulted in inflated costs for many businesses, including Diversey.
  • Price Action: DSEY shares are trading higher by 2.40% at $8.10 on the last check Wednesday.
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