Essity announces new price increase

Hygiene and health company Essity announced new comprehensive price increases for all product categories and markets. According to the company, its business is being affected by additional cost increases.

Electricity and gas prices, for example, have risen sharply in Europe since July 2022 and the company’s raw material costs also risen significantly in the third quarter.

This is the second price increase announced by Essity this year.

“The cost headwinds have worsened further. We will manage this situation through new comprehensive price increases and energy price surcharges and are continuing to invest in our strong offering under leading brands and to supply essential hygiene and health solutions to Essity’s customers and consumers every day,” says Magnus Groth, President and CEO, Essity.

The timing and degree of price increases will be managed locally, the company announced.