Ashland Inc. (NYSE: ASH) announced pricing increases across its Life Sciences, Intermediates, Personal Care and Specialty Additives product portfolios globally. The company cited continued volatility in energy markets, raw material costs and logistics conditions stemming from the conflict in the Middle East as the reason for the pricing actions.

The Wilmington, Delaware-based specialty chemicals company stated it is taking actions across procurement, supply chain and operations to manage costs while adjusting pricing to maintain reliable supply to customers under current market conditions.

Pricing adjustments will vary by product and region, reflecting local market dynamics, contractual terms and individual customer requirements, according to the company's statement. Ashland indicated it will continue monitoring market conditions and adjust pricing as market dynamics evolve.

Ashland operates as a global additives and specialty ingredients company serving customers in architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical markets. The company employs approximately 2,900 people and serves customers in more than 100 countries.