XSYS has confirmed that it is set to implement a price increase across its Nyloflex product range.

As costs rise across the supply chain, the Stuttgart-based company, which operates in more than 37 locations around the world, will be raising its prices by 6% across the range. The increase will be effective from 1 February.

The company says that, throughout 2021, it had been able to secure supplies of key raw materials and access to supply networks by absorbing inflation through various cost-reduction initiatives and projects, as well as technology improvements and other efficiency gains.

However it stresses that cost inflation is continuing to be passed on by suppliers as we enter 2022. The pressure is coming from several different directions, including double-digit price increases being levied by raw material and feedstock suppliers, soaring energy prices as well as transport and freight costs.

Friedrich von Rechteren, global commercial VP at XSYS, commented, ‘Our priority remains, as always, to offer a constant and reliable supply of products to our customers, irrespective of the current market conditions. We will naturally maintain full support with technical service and quality products during this challenging period to ensure that our customers can continue to service their customers, In addition, XSYS will invest in more projects and high efficiency drives designed to counter the inflation where possible.’