EnergyWatch

Rockwool navigates commodity chaos and raises prices

The boom in the global construction sector helped convince customers to accept price increases, enabling Rockwool to withstand rising costs on the bottom line. A "quite satisfied" CEO tells EnergyWatch that the company will continue work on price rises in addition to today's guidance upgrade.

Things could have gone much worse for Rockwool in the first half of 2017.

The company released a fairly positive 2016 report, but already in this year's first quarter Rockwool had to acknowledge that the prices skyrocketed on several of the company's most important commodities, in particular coke. This unforeseen development effected an increase in production expenses of 15 percent in the first three months of 2017 year-on-year.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted forced to delay coal phase out

The Danish authorities have ordered Ørsted to continue operations of one coal fired power plant and resume operations on two others until 2024. The utilty maintains aim of CO2-neutrality in 2025.

Further reading

Related articles

Latest News

See all jobs