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Siegwerk, a global supplier of inks for packaging applications and labels, is increasing prices for all packaging inks and varnishes in North America, Latin America and Asia. This follows earlier announced price increases by Siegwerk in EMEA and the publication gravure division.
“Siegwerk continues to devote a large number of resources to identify efficiency mechanisms and alternate raw material sources and works closely with the overall supply chain to leverage our buying power and minimize costs whenever possible,” said Neven Bartel, director of global purchasing, Siegwerk.
The industry has experienced recent sustained cost increases for quality raw materials and further increases are anticipated during the course of 2018, the industry experts opined.