Agfa to hike prices of digital print and chemicals portfolio

Company sites high cost of raw material, logistics, energy, and salaries

0
48
Agfa
Agfa develops, produces, and distributes imaging systems and IT solutions for the printing industry. Photo Unsplash

Agfa has announced a double-digit price increase across its digital print and chemicals portfolio worldwide from 1 January 2023, on the back of rising costs.

Despite sustained efforts to improve efficiency and constant sourcing optimization, these price increases are necessary to compensate for continuing high inflationary pressure on energy, raw material, logistics, and salary costs, the company said.

A Belgium-headquartered company, Agfa develops, produces, and distributes imaging systems and IT solutions for the printing industry, the healthcare sector, and specific industrial applications.

Vincent Wille, president of Agfa’s Digital Print & Chemicals division, stated: “Despite our relentless efforts to contain expenditures, we continue to be confronted with historically high costs for raw materials, logistics, energy, and salaries. In order to run a sustainable business – allowing us to guarantee supply and to continue to bring innovative products and quality service to our customers – we have no other choice but to increase the prices of our products substantially.”

At Agfa, we take the competitiveness of our customers very seriously and we have done everything we can in the last year to mitigate these increases. But as we see, the inflationary pressure continuing and even increasing, we have no other option but to increase prices, next to our continued efforts to increase efficiency.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here