XSYS increases prices of nyloprint range

XSYS will implement price increase across the nyloprint product range as a response to the inflation, which up until now has been mitigated by the company through various cost-reduction initiatives and projects, as well as technology improvements and other efficiency gains.

XSYS will implement price increase across the nyloprint product range as a response to the inflation

However, in 2021, the cost inflation being absorbed by XSYS has increased to unequalled levels. Cost inflation is being passed on by suppliers and is present across several input costs.

According to XSYS, raw material and feedstock suppliers are implementing double-digit price increases. Soaring gas and electricity costs have resulted in significant inflation in the company’s production costs and increased costs from suppliers. Freight costs are growing, with the World Container Index at +15 percent since July 2021. This is having an impact on the supply of raw materials, as well as sea and land freight within the XSYS supply chain network.

The additional inflation seen in 2021 shows no signs of retracting. As a result, XSYS will implement a price increase of between 7 and 15 percent across the nyloprint product range, effective February 1, 2022.

‘Securing the supply of our products in a timely manner to customers remains our priority. We will maintain full support of our customers with technical service and quality products during this challenging economic period,’ said Friedrich von Rechteren, global commercial VP at XSYS. ‘Furthermore, XSYS will continue to invest in projects and efficiency drives designed to counter the inflation where possible.’

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