Industry News, Ink Manufacturers News, Price Increases

Siegwerk Reports that U.S. Dollar Exchange Rate Puts Burden on Raw Material Situation

Main world suppliers invoice their customers in dollars while the euro continues to lose value

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The exchange rate between the U.S. dollar and the euro is increasingly impacting raw material procurement in the printing ink industry. The main world suppliers, for instance in India and China, invoice their customers in dollars while the euro continues to lose value.   “This is a worrying development that generates significant cost pressure,” said Siegwerk CEO Herbert Forker.   The cost increases fueled by this development on the raw material market are growingly becoming a problem that ca...

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