Price increase announcement for Magnesium Products

Hereby we inform all our current and potential customers that from January 1, 2020 prices for NikoMag and OxiMag will be increased up to 15% depending on grade and packaging of the product.

Significant increase of the manufacturing costs, raw materials, energy and freight, resulted in price increase in the following year.

Raised prices are also attributed to the growing need for investment in logistics and service solutions including the necessary expansion of the representatives’ network and warehousing infrastructure all over the world to meet the clients’ expectations.

Contracts concluded before January 1, 2020 will remain unchanged.