EFI plans July price rises
Wednesday, June 2, 2021
EFI has joined a raft of other industry suppliers in announcing price increases that in its case will specifically affect inkjet products.
The US-headquartered group cited the well-documented worldwide supply chain issues affecting raw materials, chemicals, and freight costs.
From 1 July EFI will increase the price of inks, supplies and parts on its Vutek superwide printers, EFI wide-format printers, Nozomi single-pass for corrugated and display, Reggiani textile printers, Cretaprint ceramic devices and Cubik building materials product lines.
Scott Schinlever, chief operating officer at EFI Inkjet, said the firm had been working hard to maintain and secure supply chains since the beginning of the Covid-19 pandemic.
“While we have taken consequential action to contain costs, lingering market challenges have led to a price adjustment needed to ensure continued, uninterrupted supply to our global customer base,” he explained.
EFI said that the price increase would vary depending on the product. Details will be communicated directly to customers and to EFI’s worldwide channel partners.
At the EFI Engage online event earlier this year EFI announced a new Nozomi specifically targeted at display graphics, two new superwide UV LED roll-to-roll Vutek models and the Vutek XT high-speed hybrid printer.
“As always, EFI will effectively and closely manage the many cost and performance factors affecting our inkjet products, ensuring that our customers continue to stay at the forefront of technology using products that provide them exceptional value in terms of quality and total cost of ownership,” Schinlever added.
A host of industry manufacturers and suppliers have been forced to announce price increases in recent weeks, spanning paper, printing plates, inks and machinery.