Rare Earth Shortages Cause Havells to Raise Fluorescent Prices

Lighting reported that supply shortages of rare earths have forced Havells-Sylvania to raise prices on its lighting products.

The market news is quoted as saying:

Anuj Vasu, Havells-Sylvania’s senior strategic business unit manager for fluorescent products said: “The dramatic increase in the cost of this vital raw material has made it impossible for us to hold our prices at their current level. We aim to provide first class products without compromise on quality. Sharing the burden of the phosphor supply crisis allows us to continue to do that.”

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