“Archroma made every effort to absorb these increases,” Marcos Furrer, Chief Operating Officer at Archroma said. The increase was necessary to offset the ongoing exceptionally high freight and logistics costs. It may be mentioned here effective October 01, 2021, Archroma increased the prices of its products by up to $0.25/kg. “The consequences of these events, which are beyond our control and leading to challenges for procuring some of our raw materials, therefore, we are being forced to declare force majeure effective from today due to our inability to manufacture and supply such affected products for the time being”. “Archroma’s raw materials and petrochemicals supplies coming from China are getting adversely affected by the ongoing ‘energy consumption controlling measures’ and ‘environmental checks’, coupled with disrupted global supply chain situation due to non-availability of vessels and containers,” the company noted in a bourse filing.ĭuring the last few weeks, Archroma has been informed by some of the global raw materials suppliers, affected by such supply chain disruptions and have also declared force majeure, due to abovementioned situation. KARACHI: Archroma Pakistan has declared force majeure effective Thursday due to inability to manufacture and supply goods as the company’s raw material supply lines have choked.
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