Hubergroup raises prices in response to costly raw materials

Hubergroup raises prices in response to costly raw materials

The hubergroup has announced that it will be raising the price of its prinking inks in Europe. The Group says that the price hike is necessary in light of the soaring costs of raw materials. The price changes will come into effect from January 1st 2013.

 

Despite short-term volatility over the course of the past two years, the prices of raw materials used in the production of printing inks have climbed to new record levels.

At present, and also in view of the gloomy economic outlook, it can be safely assumed that these price levels will not be seeing any sustained downturn in the foreseeable future.

Moreover, increasing energy costs and rising transport and logistics costs – linked to the price of crude oil – are intensifying the continually high cost pressures that are putting such a strain on Europe’s printing-ink manufacturers.

“We are no longer in a position to offset this enormous increase in costs in almost all areas and still meet the high demands with respect to quality and service”, says Heiner Klokkers, Group Managing Director Europe at hubergroup in Munich, Germany.

“We have already been working intensively on increasing our productivity and optimising our internal processes. However, since there appears to be no end in sight to high costs and we want to continue providing the level of quality and service our customers are accustomed to and expect of us, we find ourselves compelled to pass on a portion of these costs to our clients.”

Stephanie Cornwall
Stephanie Cornwall
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