Siegwerk implements price surcharges on all solvent-based inks and varnishes in EMEA
publié le jeudi 02 avril 2020
Siegwerk, one of the leading global providers of printing inks for packaging applications and labels, will implement price surcharges for solvent-based packaging inks and varnishes in EMEA (Europe, Middle East and Africa) with immediate effect.
Certain raw materials, such as alcohol, have been impacted in terms of price and availability as a result of the Coronavirus (Covid-19). This is due to the increased need for products with disinfectant properties and the potential for government restrictions or allocation measures. Demand for these products, in particular ethanol, continues to outstrip supply which has led to reduced global availability and rapid price increases. In addition, due to the industry shutdowns in China and India, disruptions to freight and logistics, and many other isolated supply disruptions, Siegwerk is not always able to avoid price increases without increased risk of supply disruption. At present, Siegwerk is sufficiently covered to serve usual customer demand. Despite the company’s best efforts to mitigate costs, there is a clear indication that Siegwerk will pay higher prices for products with disinfectant properties for the duration of the Covid-19 crisis. Additionally, Siegwerk needs to be prepared in the event governments redirect products for medical purposes – a situation beyond the company’s control. Specific surcharges for inks and varnish categories will be communicated individually to customers and prices may vary depending on the actual ink or varnish.
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