Shanghai, China, 31 March 2008
DuPont Packaging Graphics Announces a Price Increase for DuPont™ Cyrel® Products in Asia Pacific
DuPont Packaging Graphics has announced a price increase in the Asia Pacific region, effective May 1, 2008 or as contracts allow. The increases impact all DuPont™ Cyrel® products up to 8% depending on the product. DuPont Packaging Graphics has made similar announcements in other regions around the world.
“We have avoided taking this action for a long time,” stated Jagdish Kumar, Asia Pacific Business Director for DuPont Imaging Technologies. “Our products are highly dependent on oil based feed stocks. Over the last five years DuPont Packaging Graphics has aggressively pursued manufacturing productivity improvements and cost reductions in an attempt to offset the sustained increases in the cost of petroleum-based raw materials and energy costs of manufacturing, warehousing and distribution. We will continue to work to offset these cost increases, but we’re now at a point where we see no choice but to pass along some of these costs.”
Jagdish goes on to note that DuPont is continuing its focus and commitment to innovation in flexography. “We expect to launch four new Cyrel® plates this year – two for use in solvent processes and two Cyrel® FAST – and introduce several major new system offerings at this year’s DRUPA,” said Jagdish. “Despite the rising costs, we continued to invest in innovation to ensure that our customers can maintain their competitive advantage in a challenging global marketplace.”
DuPont Packaging Graphics is the world’s leading supplier of flexographic printing systems in digital and conventional formats, including Cyrel® brand photopolymer plates, Cyrel® FAST processing equipment, sleeves, mounting and finishing products.
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.