Agfa says it will implement double-digit price increases across its Digital Print & Chemicals portfolio worldwide, effective Jan. 1, 2023. "We continue to be confronted with historically high costs for raw materials, logistics, energy and salaries."
Agfa’s Jeti Tauro H3300 UHS LED printer
“Despite sustained efforts in improving efficiency and constant sourcing optimization, these price increases are necessary to compensate for continuing high inflationary pressure on energy, raw material, logistics and salary costs,” the company said.
Vincent Wille, president of Agfa’s Digital Print & Chemicals division: “Despite our relentless efforts to contain expenditures, we continue to be confronted with historically high costs for raw materials, logistics, energy and salaries.
“In order to run a sustainable business – allowing us to guarantee supply and to continue to bring innovative products and quality service to our customers – we have no other choice but to increase the prices of our products substantially.
“At Agfa we take the competitiveness of our customers very seriously and we have done everything we can in the last year to mitigate these increases, but as we see the inflationary pressure continuing and even increasing, we have no other option but to increase prices, next to our continued efforts to increase efficiency.”
Agfa’s Digital Print & Chemicals division’s top line grew substantially in the third quarter, “mainly driven by the sign & display business,” with the company signing its first contracts for Agfa-branded Onset wide-format machines. But the Agfa-Gevaert Group posted a net Q3 loss of 17 million Euro.