Finishing Equipment

Wednesday, 08 September 2021 10:54

Mitsubishi HiTec Paper to up all prices by 20%

Mitsubishi Paper Mills, will increase the price of 20% for its entire product range – Thermoscript, Jetscript, Giroform, Supercote, and Barricote from 1 September 2021. This was due to “the continued sharp rise in energy costs [and] significant cost increases in the areas of logistics and raw materials”.

“This step is unavoidable so that we can continue to offer our partners our wide range of coated speciality papers in the well-known high quality,” the company added. A raft of papermakers, plate, and ink manufacturers have been forced to put up prices, or implement surcharges, in what has been described as a perfect storm of spiralling raw materials and transport costs.


Photo courtesy of Mitsubishi paper Mills


Published in International

Will be across EFI’s VUTEk, Wide-Format, Reggiani, Cretaprint, Nozomi and Cubik product lines as of July 1, 2021.

In light of numerous market changes affecting costs for materials, components, chemicals, global freight and logistics, Electronics For Imaging, Inc. (EFI) will be implementing price increases for its inkjet inks, parts and supplies.

EFI will be implementing the price changes – which will apply to inks, supplies and printer parts across EFI’s VUTEk, Wide-Format, Reggiani, Cretaprint, Nozomi and Cubik product lines – as of July 1, 2021.

“Since the beginning of the pandemic, EFI has worked diligently to solidify our supply chains and maintain the best quality and consistency available with all of our inkjet products,” Scott Schinlever, COO, EFI Inkjet. “While we have taken consequential action to contain costs, lingering market challenges have led to a price adjustment needed to ensure continued, uninterrupted supply to our global customer base.

“As always, EFI will effectively and closely manage the many cost and performance factors affecting our inkjet products, ensuring that our customers continue to stay at the forefront of technology using products that provide them exceptional value in terms of quality and total cost of ownership.”

Published in International

Sappi Europe will increase prices of all of its Packaging and Speciality paper grades by 7%-11%, valid for deliveries from 1 April 2021.

In a statement, the paper manufacturer said: “Sharply rising input costs, particularly relevant to pulp and energy in combination with very high freight rates due to global logistic constraints make price increases unavoidable.

In January, the company had already announced an increase to the price of its coated and uncoated woodfree paper grades by 8%-10% across Europe. This increase, on sheets and reels, was due to be implemented “by 1 March at the latest”.

Also, Flint Group Packaging said it intends to increase the prices of its ink and coating products, also effective as of 1 April 2021, though specifics on the increases were not available at the time of writing.

The company said it is facing “an extraordinarily turbulent set of supply chain conditions, exacerbated by the global pandemic” and that its costs are increasing and supply is tightening across almost all procurement categories.

“The unusual set of supply chain conditions currently witnessed are some of the most severe I have seen. Our business is facing substantial cost and availability headwinds, across multiple raw material categories. Resins, solvents and pigments, including titanium dioxide, are particularly problematic.” Doug Aldred, Presiden, Flint Group Packaging Inks.

Published in International

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