DuPont Packaging Graphics has announced a global price increase for all Cyrel products, effective May 16. The net increase is up to 7 percent, depending on the product.
An energy surcharge, linked directly to the price of fuel and increased transportation costs, also will take effect at the same time globally. The surcharge will be calculated on a square foot/square meter basis, indexed to the price of Brent Crude Oil.
In a press release, DuPont Packaging Graphics reports that it “has aggressively pursued manufacturing productivity improvements and cost reduction initiatives to offset higher costs, but can no longer keep pace with the sustained increases in raw material and energy costs that have occurred in the last 12 months.”
DuPont Packaging Graphics manufactures Cyrel photopolymer plates, Cyrel FAST processing equipment, sleeves, mounting and finishing products.