Heidelberg increases prices due to rise in raw material costs

Time：2021-05-28 From：

Heidelberger Druckmaschinen AG is increasing the prices for its equipment business with immediate effect due to a sharp rise in material, logistics and other procurement costs.

“The current price development of raw materials shows an unprecedented upward momentum,” said Rainer Hundsdörfer, CEO of the company. “Primarily due to the high demand from China as well as the global megatopic of electromobility, procurement costs have risen significantly in the short term. In recent months we have exhausted all possibilities to avoid an imminent price increase. We want to grow together with our customers and continue to be a reliable partner to them in a changing market environment. The moderate price increase that is now necessary will allow us to further expand our innovation leadership, and is therefore also an investment in the future.”