LG Water Solutions announces price increase for 2023

For the last year, corporations worldwide have witnessed unprecedented cost increases in raw materials, transportation, energy, and labor, among various factors. Even if some of those factors are settling down, global businesses continue to experience uncertainty in macroeconomic environments, mainly due to high inflation rates and high energy prices. This unavoidably affects LG Water Solutions’ business operations

Our primary objective is to continue delivering consistent value for your business through these challenging times. However, despite significant efforts, LG Water Solutions has reached a degree where we are unable to absorb the burden resulting from the cost increases. As a result, our business must implement a price increase of 5-10 percent across its reverse osmosis (RO) membrane product line, effective January 1st, 2023