Siegwerk says it will implement price increases and/or surcharges across all business units within Canada and the United States, citing raw material supply disturbances and tariff developments, among other pressures.
“The entire ink industry is facing continuing price pressures due to a multitude of causes – escalating transportation costs, raw material supply disturbances, as well as, global governmental impacts including enforcement of environmental policies in developing countries and tariff developments in the CUSA region [Canada and U.S.],” the company explains.
“With no sign of relief moving into 2019, Siegwerk will implement price increases and/or surcharges across its entire product portfolio within the U.S. and Canada,” says Dave Hiserodt, President CUSA. “The impact of the combined overall drivers is unprecedented and Siegwerk must act in order to ensure continued supply of its quality, safe ink solutions.”
Siegwerk states energy-curable inks are “significantly affected” and the tangible impact of these drivers have also affected water-based and solvent-based inks.
The company says it is working to mitigate these effects on its customer base by leveraging its global spend and utilization of alternative suppliers, noting though, that in some instances, alternative suppliers are not an option and those that are have increased prices with demand.
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