EMEA packaging ink price increase
Due to 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.
Siegwerk has announced it will have to significantly increase prices of individual products in the EMEA region (Europe, Middle East, Africa)
This trend is primarily driven by a continued imbalance of supply and demand of feed stocks on a worldwide scale. The speed and impact by which prices for raw materials increased in the period 2010/2011 has never been seen before. Siegwerk says expectations that the pressure on raw material prices would relieve early 2012 have not been realised – at least until the end of this calendar year upward pressure will continue.
As a result of the continuous increase of raw material costs some products have turned unprofitable. The impact will depend on the customer’s individual product portfolio and differ from business unit to business unit. In those cases where the market is not capable of accepting higher prices certain articles will no longer be offered. Siegwerk’s account managers will contact customers over the coming weeks to inform them about the selective price increases.
● Siegwerk has committed itself as one of the first printing ink manufacturers worldwide to continuously improve ethical performance along the supply chain by joining SEDEX (Supplier Ethical Data Exchange) which enables members to share information with customers.
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