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ACTEGA North America Announces Price Increases
Delran, New Jersey January 19, 2018
ACTEGA North America will increase prices on Inks, Coatings, Adhesives and Pressroom Chemicals effective February 19, 2018 in response to the continuing and sustained rise in raw material and supply chain costs. This increase will apply to products sold into all printing markets.
In addition to the cost increases already absorbed by ACTEGA North America, a broad range of key raw material pricing remains volatile and cost pressure is expected to continue through 2018.
Although the conditions are varied and wide spread, some examples include:
- Titanium Dioxide supply is tight on a global basis resulting in well-publicized price escalation over the last 12 months.
- Stringent Chinese environmental controls have forced manufacturer shutdowns and created crippling shortages of wide ranging materials.
- Manufacturing disruptions have tightened basic raw material supply and generated price escalations.
“ACTEGA North America has initiated many measures to absorb and mitigate cost increases over the past year, however additional disruption to supply and pricing stability requires us to pass along some of these costs. Our customers can be assured that quality and continuity of supply are top priorities for ACTEGA,” says Mark Westwell, CEO, ACTEGA North America.
ACTEGA North America develops and produces UV/EB and water based coatings, flexographic inks, and adhesives in the packaging and printing industry. Products by ACTEGA offer high-value visual and functional appearances to materials such as metal, paper, board or plastics. Further to our products, ACTEGA North America has a highly specialized technical sales force, a dedicated technical applications team and a state-of-the-art innovation facility. This enables us to provide you with continuous product support, improvements on existing technology, and future product development to satisfy market requirements. ACTEGA North America is committed to offering the best solutions to its customers and help in bringing surfaces to life. www.actega.com/northamerica
ALTANA is a global leader in true specialty chemicals. The Group offers innovative, environmentally compatible solutions for coating manufacturers, paint and plastics processors, the printing and packaging industries, the cosmetics sector and the electrical and electronics industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments. ALTANA's four divisions, BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants, all occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service. Headquartered in Wesel, Germany, the ALTANA Group has 49 production facilities and more than 50 service and research laboratories worldwide. Throughout the Group about 6,000 people work to ensure the worldwide success of ALTANA. In 2016, ALTANA achieved sales of more than 2 billion euros. About 6 percent of sales are invested in research and development every year. Its high earning power and high growth rate make ALTANA one of the most innovative, fastest growing, and profitable chemical companies in the world.