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H.B. Fuller Co.
FUL + 1.04%
announced on Friday that it would raise prices by 4 to 10% on all categories of adhesive products and related products, as a result of the continued increase in raw material, logistics and hand costs d & # 39; work. the increases will take effect October 15, 2018 and will affect the products of the sustainable assembly, hygiene, packaging, construction and paper processing segments of the adhesive supplier. "In recent months, the pressure on hot melt, reactive and water-based raw materials has intensified," the company said in a statement. "In North America, the additional impact of truck rates and shortages also affects costs." The stock, still inactive in pre-market trading, has risen 4.8% since the beginning of the year, while the SPDR S & P Materials Select Sector ETF
XLB, + 0.39%
lost 1.8% and the S & P 500
SPX, + 0.53%
grew by 8.6%.
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