Germany based XSYS, once part of Flint Group, was acquired by private equity firm lone star funds four months ago.

Recently, XSYS said in a statement that the rise of input costs has reached an “unprecedented level” and it can no longer absorb these increases through its own cost reduction efforts.

In the statement, it said that the “double-digit price rise” imposed on raw materials and raw material suppliers; Soaring energy prices affect their own production costs and lead to rising costs for their suppliers; And under the pressure of documented sustained growth in transportation and freight costs. Therefore, the price adjustment plan of 6% for its nyloflex products will take effect from February 1. The board can be used in a range of applications including corrugated before and after printing, flexible packaging and labeling.

Friedrich von rechteren, vice president of global business of XSYS, said that the company’s top priority is still to provide our customers with a continuous and reliable supply of products, regardless of the current market conditions.

He stressed: “in this challenging period, we will maintain full support with technical services and high-quality products to ensure that our customers can continue to serve their customers.”

Von rechteren said that XSYS would also invest in more projects and efficiency initiatives “aimed at curbing inflation where possible”.

It is worth mentioning that the flexible version supplier miraclon also recently announced a price increase of 6%, effective from February 7. It also introduced temporary surcharges to mitigate higher delivery and freight prices. This is also the first time they have raised prices globally since 2008.

Under the pressure of supply chain problems and costs, paper is not the only material that must deal with the rising price. Ink, plate, blanket It can be said that none was spared. In the past year, printing equipment and equipment also joined the army of price increases. Heidelberg and gaobao, the world’s two largest printing press manufacturers, even announced price adjustment plans for some products. In January 2022, AFS Haoli printing also issued an announcement: due to the impact of rising prices of raw materials, labor costs and international transportation costs on the global trade environment, Japanese horizon manufacturers have raised the export price of equipment to a certain extent. Therefore, since January 20, AFS haoliyin will also adjust the selling price of horizon and all its products.

In fact, not only in the printing industry, rising costs have become a problem faced by many industries. Looking for the most reasonable, effective response and transfer method that can best ensure the stable development of upstream and downstream industries is what enterprises need to do most at present. In the new year, I hope enterprises can speed up the adjustment and deal with it calmly.