Miraclon has announced a global price increase of 5% on all consumables, effective 1 November 2022.
The unprecedented rise in the costs of raw material, utilities and labor, finance charges, and business services felt by the industry globally has necessitated the increase to alleviate these rapidly increasing costs also experienced by Miraclon, the company said in a press release.
“Securing supply for our customers and continuing development of innovative technology that can help them meet the demands of their clients while countering price pressures remain our top priorities,” said Chris Payne, Miraclon CEO.
“Unfortunately, price increases to alleviate rapidly increasing procurement and energy costs are becoming a routine part of business for most companies, with no sign of relief in the foreseeable future. We are doing everything we can to drive internal efficiencies that mitigate the effects on our customers and are working with them to help pass these unavoidable increases on through the value chain.”
Miraclon is the home of Kodak Flexcel Solutions, which has helped transform flexographic printing for more than a decade.