For the third time in less than ten months, Agfa will raise the prices of its offset printing plates and chemicals, says the company.
Raw material shortage remains an ongoing concern and the competitive environment to secure aluminum and other raw materials has accelerated the cost increase, says Agfa.
Logistics and operational costs have also soared, says the company.
“Initially, we were hoping the inflationary pressure would be of a temporary nature, but the issues with global supplies of crucial raw materials have not shown any signs of stabilization. They are likely to stay at these levels in 2022. Agfa will be reviewing the need for further pricing actions on a quarterly basis,” says Frederik Dehing, VP global sales.
As used aluminum offset plates are being recycled, the price increases will to a large extent be compensated for by the increased value printers will get from their scrap aluminum.
The specific, but double-digit, price increases will start Nov. 1 and will be communicated directly to Agfa customers.
Agfa’s headquarters are in Mortsel, Belgium.
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