ACTEGA North America Announces Price Increases
DELRAN, NJ ― ACTEGA North America will increase prices on inks, coatings, adhesives and pressroom chemicals effective Feb. 19, 2018. The increase is in response to the continuing and sustained rise in raw material and supply chain costs. 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.
Although the conditions are varied and widespread, some examples include the tight supply of titanium dioxide on a global basis, resulting in price escalation over the last 12 months; stringent Chinese environmental controls that have forced manufacturer shutdowns and created crippling shortages of wide-ranging materials; and manufacturing disruptions that have tightened basic raw material supply and generated price escalations.
“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,” said Mark Westwell, CEO, ACTEGA North America.