Ieper, Belgium –
Xsys, a specialist for the Flexographic printing industry and a provider of printing solutions, has announced a price increase on all ThermoFlexX products and spare parts – a direct consequence of the critical global economic situation that continues to drive up costs for its prepress equipment division.
While raw materials, energy, and other input costs already rose between 10% and 20% throughout 2021, double-digit percentage inflation has continued in 2022, further compounding the financial pressures on the sector.
More specifically, the following areas are severely affecting Xsys, the company said.
Steel and plastics: Supply shortages are still present and pricing is inflated accordingly in order to secure suitable quality materials.
Electronics: Global shortages of parts and supply chain issues have continued into 2022.
Energy: Volatile gas and electricity prices are affecting production costs and raw materials, with no let-up in sight.
Logistics: All routes, but particularly sea freight, remain affected. The pricing is consistently higher than in 2021 and subject to various surcharges.
“We have been working very hard to mitigate these huge pressures by implementing numerous efficiency improvements, qualifying alternative suppliers, and enforcing aggressive cost-control measures. Unfortunately, the extraordinary and persistent inflation levels now leave us no other option than to proceed with the implementation of these price increases,” said Friedrich von Rechteren, Global Commercial VP at Xsys.
The increases comprise 10% across ThermoFlexX imagers and ThermoFlexX Catena equipment, while spare parts and service agreements will see a 20% rise, as they have been excluded from previous increases. All increases will be effective starting 27 October 2022.
“We certainly understand that higher prices will add to the already difficult situation for our customers, but given the current market conditions we have little choice but to pass on a portion of these significant increases in order to secure an uninterrupted and reliable supply of Xsys equipment,” he concluded.
