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.”
