Xsys raises Nyloflex prices

Xsys, which was formerly Flint’s plate business, has announced price rises of 6 percent for its Nyloflex flexo range, following on from last month’s introduction of 7-15 percent price increases for the Nyloprint letterpress products. The increase for both product ranges takes effect from 1 February 2022.

Xsys has raised prices for its Nyloflex plates and associated processing equipment.

Strangely, this latest press release just reads like a very light rewriting of the Nyloprint announcement. The reasons given for this latest price increase are the same: double digit increases in raw materials; soaring energy prices for both gas and electricity; rising costs of freight and logistics. This last, the rise in freight costs, is largely driven by many economies restarting after the global shutdown, and although we are still dealing with the pandemic, it’s reasonable to assume that as most economies are learning to cope with Covid, so the transport costs will return to a more normal level later this year.

Xsys also points out that all the above reasons have led to rising inflation, noting: “There are currently no signs that this inflation will start retracting soon.” That’s a more aggressive stance than most central banks have taken so far. The Bank of England, for example, has stated that the current inflation is mostly linked to the shutdown and restart caused by the pandemic, and believes that inflation will fall in the second half of the year as more of the economy reopens and productivity rises. Of course, if the bank is wrong then interest rates will rise further in an attempt to get inflation under control.

I think that it’s also worth noting that Xsys has opted for a straightforward increase in prices, unlike Miraclon, which earlier this month chose to include a temporary freight surcharge. In theory, that suggests that Miraclon attempted to limit the extent of the increase though in practice Miraclon and Xsys have both raised prices for flexo systems permanently by the same 6 percent. 

As I’ve already noted, we can expect to see many similar price increases over the next month or so. In the meantime, you can find further details from xsysglobal.com.

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