Actega North America announces price increases
In response to the rise in raw material and supply chain costs, Actega North America is set to increase prices on inks, coatings, adhesives and pressroom chemicals. Effective from 19 February, the increase will apply to products sold into all printing markets.
In addition to the cost increases already absorbed by Actega North America, a broad range of key raw material pricing remains volatile and cost pressure is expected to continue through 2018.
According to the company, although the conditions are varied and wide spread, some examples include:
- Titanium Dioxide supply is tight on a global basis resulting in well-publicised price escalation over the last 12 months
- Stringent Chinese environmental controls have forced manufacturer shutdowns and created shortages of wide ranging materials
- Manufacturing disruptions have tightened basic raw material supply and generated price escalations.
Mark Westwell, CEO, Actega North America, said: “Actega North America has initiated many measures to absorb and mitigate cost increases over the past year, however additional disruption to supply and pricing stability requires us to pass along some of these costs.
“Our customers can be assured that quality and continuity of supply are top priorities for Actega.”