XSYS Announces Upcoming Price Increase on Nyloflex Products
XSYS has announced an upcoming increase in prices across its nyloflex product range, which reflects the rise of input costs the industry experienced throughout 2022. Effective Feb. 1, 2023, the company will implement a price increase ranging from 6% to 9% on nyloflex flexographic printing plates.
The industry is facing a perfect storm with record inflation and continuous supply chain constraints. “During these exceptional times, it has been our priority to stick to our commitments: Deliver the highest quality products to our customers in time and in full. We are proud to be one of the most reliable suppliers in the market,” commented Friedrich von Rechteren, global commercial VP at XSYS. “At the same time, our operations and procurement teams have turned around every stone to offset the input cost increases without jeopardizing our quality and service levels. Due to the success of these initiatives, the announced price increase reflects just a fraction of the input cost increases we are facing.”
The prices of essential raw materials like rubber, photopolymers, and films used in the production of plates have increased by more than 20% since the beginning of 2021. In addition, transportation and energy costs are up by double-digit percentage points. There is a consensus among market experts that these elevated raw materials prices are the new normal.
“As a response to the structural cost increases, we continue our investments in the research of next-generation flexographic plates and equipment for our customers,” said von Rechteren. “These developments will help our customers to improve their operations and be successful in their markets.”
He concluded: “Our customers are at the center of everything we do at XSYS.”
The preceding press release was provided by a company unaffiliated with Packaging Impressions. The views expressed within do not directly reflect the thoughts or opinions of Packaging Impressions.