SIEGBURG, Germany - Siegwerk, a provider 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 COVID-19 outbreak. 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.