Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Siegwerk Announces Price Increases of Publication Gravure Inks - Ink World Magazine

What are you searching for?

Sign in
Industry News, Ink Manufacturers News, Price Increases

Siegwerk Announces Price Increases of Publication Gravure Inks

Will increase prices from high single-digit up to low double-digit percentages, depending on the color code.

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Siegwerk will need to increase prices for publication gravure inks from high single-digit up to low double-digit percentages, depending on the color code. Customers with contracted raw material clauses will see price adjustments accordingly. Other customers can expect to see price increases as part of the next negotiations, at the latest. The costs of raw materials have continued to rise and further price increases are anticipated during the course of 2018.
 
Due to stricter environmental regulations put in place by Chinese authorities and unexpected plant closures, azo (colored) pigment prices have increased significantly in recent months. Additionally, carbon black prices have risen linked to higher intermediate prices and limited availability. These increases affect publication gravure but have also impacted a wide range of other ink industries. Unfortunately, any relief in availability and price reduction is not expected in the near term.
 
Siegwerk continually devotes a large number of resources to identify alternative raw material sources and efficiency mechanisms and has worked closely with the overall supply chain to leverage our buying power and minimize costs whenever possible. Despite the company’s best efforts to reduce costs, there is every indication that prices will remain at higher levels, and possibly increase further, throughout 2018.
 
In order to ensure that customers benefit from continued levels of quality, service and availability, Siegwerk needs to pass on these higher costs. Specific increases and products affected will be communicated individually to customers, prior to, or during, the next negotiations.


 

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters

Topics