Hubergroup raises prices amid Middle East disruption

Hubergroup has announced price increases across its product portfolio in response to supply chain and energy market disruptions linked to the ongoing conflict in the Middle East.

The company says volatility in global oil and gas markets has driven up costs for key raw materials used in ink and coating production, including resins, solvents, pigments and additives, due to constrained availability, elevated freight rates and reduced production capacity across the chemical industry.

'Hubergroup has worked intensively to mitigate the impact of these disruptions through long-term supplier partnerships, internal efficiency programs and strategic inventory management,' said Premal Desai, CEO of hubergroup. 'However, the scale and persistence of the current cost pressures make price adjustments unavoidable. These measures are essential to ensure continuity of supply and to maintain the high quality and reliability our customers expect.'

The increases vary by product category and raw material composition, with customers to receive detailed pricing information directly from their hubergroup representatives. The new pricing takes effect immediately.