Following the continued sharp rise in the cost of raw materials and surcharges levied by suppliers, XSYS says it is forced to increase the prices for its nyloprint® letterpress plates.
The company has sent a formal notice to customers informing them that effective on 1 January 2023, an increase of between 8% and 16% will be applied on the base prices of nyloprint® products.
The company said that while it has been able to offset a proportion of the recent and ongoing increases in costs against various efficiency measures and optimisation of processes, it has now become necessary to share some of the financial burden. This decision will support the ongoing growth of the market and secure the reliable supply of nyloprint® letterpress printing plates.
