Price increase announced by XSYS on nyloprint
With recent increases in raw materials and surcharges XSYS is the latest company to raise its prices
Shining a spotlight on the industry
Tuesday, 29 Nov 2022 17:08 GMT
The challenge of securing the transportation for special materials and rising energy costs have all affected the industry
Specialist in global flexographic printing solutions, XSYS, has announced an increase in the price of its nyloprint letterpress plates.
With the sharp rises in the costs of raw materials and surcharges levied by suppliers, the company says it has been forced to increase prices to share the financial burden of recent challenges.
Nyloprint offers plates in the areas of moulding and stamping, security print, tubes, cups, and cans, as well as pad printing.
The company which has offices in North America, Belgium, China, and Germany, has sent a formal notice to customers informing them of the increase which will be effective from January 1st, 2023.
Global Commercial vice president at XSYS, Friedrich von Rechteren states: “XSYS is committed to delivering best-in-class products to all customers despite the unprecedented cost pressures and the challenging supply chain situation.
“When securing contract terms for 2023, we have again seen significant base price increases from our suppliers, which are especially impacting the XSYS nyloprint portfolio.
When securing contract terms for 2023, we have again seen significant
base price increases from our suppliers, which are especially impacting
the XSYS nyloprint portfolio. ”
“Raw materials used in the production of this particular range have a higher proportion of specially sourced components, and with only very limited alternative suppliers, we’ve had no other choice than to accept these costs, along with extended and increased surcharges.”
So far the business has been able to offset a proportion of ongoing increases against various efficiency measures, however, feels it has to act now to encourage the ongoing growth of the market.
Von Rechteren concludes: “This is an incredibly difficult time for the industry, as suppliers and converters alike struggle to source materials and deliver their products, which of course affects the entire value chain.
“Unfortunately, we’ve had to take this course of action, but it really is a last resort and I want to reassure our customers that we will do our utmost to lessen the impact through close cooperation and support.”
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