Siegwerk Increases prices of Packaging Inks in EMEA
Siegwerk will increase prices of individual products in Europe, Middle East and Africa. The company said, ‘Due to the ongoing uncertainty on the markets of raw materials for packaging inks in 2012, prices in the supply chain continue to be subject to upward pressures. This trend is primarily driven by a continued imbalance of supply and demand of feed stocks on a world wide scale. The speed and impact by which prices for raw materials increased in the period 2010/2011 has never been seen before. Our expectations that the pressure on raw material prices would relieve early 2012 have unfortunately not come true. We know by now that at least until the end of this calendar year upward pressure will continue.’
The impact of the price increase will depend on the customer’s individual product portfolio and differ from business unit to business unit. In cases where the market is not capable of accepting higher prices certain articles will no longer be offered. Customers will be informed about the selective price increases over the coming weeks.
From Internet
