Resonac Corp. announced a 30% increase in sales prices for copper-clad laminates and prepregs starting March 1. The decision was made due to rising raw material costs like copper foil and glass cloth, as well as higher labor and transportation expenses. Despite previous cost-cutting efforts, the Japanese chemical company found the current business environment challenging. On Thursday, SHWDY.PK closed trading at $44.45, a 4.3% increase. Supply-demand imbalances have led to these price hikes, impacting electronic circuit board materials. Labor and transportation costs have also surged, prompting Resonac Corp. to adjust their pricing strategy.

Read more at Nasdaq: Resonac To Increase Sales Prices Of Copper-clad Laminates, Prepregs By 30% Effective March 1