Xsys has announced price increases across the nyloprint product range from 1 February 2022. The increase comes as a direct response to the unprecedented levels of cost inflation, which up until now have been mitigated by the company through various cost-reduction initiatives and projects, as well as technology improvements and other efficiency gains.
However, in 2021, the cost inflation being absorbed by the company has increased to unequaled levels. Cost inflation is being passed on by suppliers and is present across a number of input costs as detailed below –
- Raw material and feedstock suppliers are implementing double-digit price increases.
- Soaring gas and electricity costs have resulted in significant inflation in Xsys production costs and increased costs from suppliers.
- Freight costs are increasing, with the World Container Index at +15% since July 2021. This is having an impact on the supply of raw materials, as well as sea and land freight within the the company supply chain network.
Xsys will increase the price between 7% and 15%
The additional inflation seen in 2021 shows no signs of retracting. As a result, the company will implement a price increase of between 7% and 15% across the nyloprint product range, effective 1 February 2022.
“Securing the supply of our products in a timely manner to customers remains our priority. We will maintain full support of our customers with technical service and quality products during this challenging economic period,” said Friedrich von Rechteren, global commercial vice president at the company. “Furthermore, Xsys will continue to invest in projects and efficiency drives designed to counter the inflation where possible.”
