German ink manufacturer Hubergroup is implementing a price correction across its entire product portfolio in Europe. The measure, announced as "indispensable" is to compensate for accumulated cost increases on several strategic items, notably resins, solvents, logistics, energy and payroll.
The producer, which employs 3,000 people in 30 countries, claims to have absorbed these increases for several years in order to maintain its prices.
This tariff revision, which is not quantified, is now necessary to guarantee operational continuity and service stability, says the Group. It will make it possible to finance the maintenance of production capacity in Europe (in Poland, Italy, Germany and Ireland), as well as the constitution of security stocks in the European Union.
At the same time, Hubergroup continues to invest in its chemicals division in India. This structure produces the raw materials used to manufacture inks, such as resins, pigments and additives. The German manufacturer emphasizes that this integration enables better control of component quality and availability.
Hubergroup adds that this increase in ink prices will also help maintain its local technical service.
