The current geopolitical situation has led to sharp volatility in global oil and gas markets, on which many critical raw materials used in ink and coating production depend.
hubergroup, one of the world’s leading specialists in printing inks, coatings, and chemicals, has announced that it has implemented necessary price adjustments across its global product portfolio. This decision comes as a direct result of the supply chain and energy market disruptions triggered by the ongoing conflict in the Middle East.
The current geopolitical situation has led to sharp volatility in global oil and gas markets, on which many critical raw materials used in ink and coating production depend. Key components such as resins, solvents, pigments, and additives have experienced substantial cost increases due to constrained availability, elevated freight rates, and reduced production capacities across the chemical industry, the company said in a release.
“hubergroup has worked intensively to mitigate the impact of these disruptions through long term supplier partnerships, internal efficiency programs, and strategic inventory management,” said Premal Desai, CEO, hubergroup. “However, the scale and persistence of the current cost pressures make price adjustments unavoidable. These measures are essential to ensure continuity of supply and to maintain the high quality and reliability our customers expect.”
The price adjustments will vary depending on product category and raw material composition. Customers will receive detailed information directly from their hubergroup representatives. The new pricing will take effect immediately.
hubergroup says it continues to monitor global developments closely and will adapt its measures as market conditions evolve.
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