New Zealand Building Products Prices Rise as Iran War Hits Costs
Fletcher Building is raising prices due to the Middle East conflict driving up costs. The company is experiencing supply chain disruptions for resins and urea, and faces margin pressure and compression in most markets. Fletcher Building has seen early signs of demand softening, particularly through project delays, and warns of longer order processing and delivery times for some products.
➤ Fletcher Building is increasing prices for construction materials due to rising costs driven by the Middle East conflict, impacting fuel and key raw materials like resins and urea. ➤ The company is experiencing supply chain disruptions and margin pressure, with early signs of demand softening and project delays emerging. ➤ Fletcher Building is implementing mitigation strategies including bulk purchasing, hedging, and pass-through pricing to manage these challenges.
