Actega North America (Delran, NJ) will increase prices on its inks, coatings, adhesives and pressroom chemicals effective February 19, 2018 “in response to the continuing and sustained rise in raw material and supply-chain costs. This increase will apply to products sold into all printing markets,” said the company. “In addition to the cost increases already absorbed by Actega North America, a broad range of key raw material pricing remains volatile and cost pressure is expected to continue throughout 2018.” Actega develops and produces UV/EB and water-based coatings, pressroom chemicals, flexographic inks and adhesives for the packaging and printing industry worldwide.
Although the conditions are varied and widespread, some examples the company gave included:
- Titanium Dioxide supply is tight on a global basis resulting in well publicized price escalation over the past 12 months.
- Stringent Chinese environmental controls have forced manufacturer shutdowns and created crippling shortages of wide-ranging materials.
- Manufacturing disruptions have tightened basic raw material supplies and generated price escalations.
“Actega North America has initiated many measures to absorb and mitigate cost increases over the past year, however, additional disruption to supply and pricing stability requires us to pass along some of these costs,” said Mark Westwell, CEO of Actega North America. “Our customers can be assured that quality and continuity of supply are top priorities for Actega.”