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Industry News, Price Increases, Printers News

Heidelberg Announces Equipment Price Increases

Facing sharp rise in material, logistics, and other procurement costs.

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By: DAVID SAVASTANO

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

Costs are increasing dramatically throughout the printing supply chain. Inks are certainly being impacted, as are paper and substrates.

Press manufacturers are also facing higher costs, particularly in logistics and materials. In order to cushion the disproportionately sharp rise in material, logistics, and other procurement costs, Heidelberger Druckmaschinen AG will be moderately increasing the prices for its equipment business with immediate effect.

“The current price development of raw materials shows an unprecedented upward momentum,” CEO Rainer Hundsdörfer said. “Primarily due to the high demand from China as well as the global megatopic of electromobility, procurement costs have risen significantly in the short term. In recent months we have exhausted all possibilities to avoid an imminent price increase. We want to grow together with our customers and continue to be a reliable partner to them in a changing market environment. The moderate price increase that is now necessary will allow us to further expand our innovation leadership and is therefore also an investment in the future.”

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