Rising costs, espcially for binders, leads to price increases.
Due to massive price increases of important raw materials for printing varnishes and coatings during the past months, the production costs of several product groups have risen noticeably. Water-based and energy curing printing varnishes are seriously affected because the binder components have become significantly more expensive. The expenses for important basic upstream products, such as styrene and acrylic acid, grew severely.
Striving to serve the customers with best quality products and services offered at fair prices, hubergroup
feels forced to react to the increased cost for water-based coatings and UV varnishes with an adjustment of sales prices by up to 10%.