Xsys to increase the price of nyloflex products

Raw material and feedstock suppliers to be affected by the inflation

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Xsys has announced the increase in the price of nyloflex products
Xsys has announced the increase in the price of nyloflex products

By 2021, the rise in costs has reached unprecedented levels, affecting all businesses and their suppliers throughout the printing industry. Until now, Xsys has been able to secure supply of key raw materials and access to supply networks by absorbing this cost inflation through various cost-reduction initiatives and projects and technology improvements, and other efficiency gains. 

Xsys productions costs rise with an increase in energy prices

As we enter 2022, cost inflation is continuing to be passed on by suppliers, and the impact is coming from several directions –

  • Double-digit price increases are being levied by raw material and feedstock suppliers. 
  • Energy prices have soared, resulting in a significant rise in Xsys production costs and increased costs from suppliers.
  • Transport and freight costs to customers have increased and continue to do so, which also impacts the cost of supply for raw materials.

There are currently no signs that this inflation will start retracting soon. As a result, Xsys will mitigate the impact by putting a price increase of 6% across the nyloflex product range on 1 February 2022.

“Our priority remains, as always, to offer a constant and reliable supply of products to our customers, irrespective of the current market conditions. We will naturally maintain full support with technical service and quality products during this challenging period to ensure that our customers can continue to service their customers,” said Friedrich von Rechteren, global commercial vice president at Xsys. “In addition, Xsys will invest in more projects and high-efficiency drives designed to counter the inflation where possible.”

 

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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