Energy, raw material surcharge on Nyloflex
As extraordinary events on a global scale continue to put pressure on supply chains, XSYS has announced that it is left with no other option than to implement a temporary global surcharge of 6% for Nyloflex and 4% for Nyloprint products.
13 Apr 2022 | By Rahul Kumar
The surcharge recoups a portion of the immensely high utility, raw material, transportation and packaging costs. The surcharge will apply to all orders with a shipment date on and after 15 April 2022.
The company said it is subject to price increases in raw materials with double-digit impact year-on-year 2021 against 2022, as well as increases in electricity and gas with prices in March 2022 being more than six times as high as in January 2021.
Friedrich von Rechteren, global commercial VP at XSYS, said, “We can absorb some initial inflationary developments by smart hedging, long-term contracts with our suppliers, and continuous operational improvements. It is no secret that supply chains are under pressure, driving the market in the direction of relying on spot rates in order to secure supply.”
He added, “We understand that this price increase is adding pressure to the business of our customers during these difficult circumstances, and it has not been an easy choice for us to make. However, to ensure consistent and reliable supply to our customers, we see no other way than passing on some of these costs.”
See All