30 June 2021
Agfa Announces Another 10% Offset Plate Price Increase
BELGIAN—
Plate prices keep going up.
Plate prices keep going up.
 Agfa announced that it will globally increase the prices of its offset printing plates. Offset plate prices will increase by up to 10%, effective August 1st 2021 as contracts permit. This is in addition to the previously announced and implemented increase and will likely be followed by subsequent increases as the trend continues. The ongoing rise of raw material costs, particularly aluminum, energy and packaging materials, in combination with high freight rates, make price adjustments unavoidable.
Speculation about offset plate division may be sold off .
Speculation about offset plate division may be sold off .
The price for aluminum, the key component of an offset printing plate, peaked in June at more than 2,500 USD/ton. Prices for packaging materials almost doubled in a couple of months. 
Agfa's offset business is in the face of overcapacity, a declining market and the price pressures that are affecting the group and its rivals. There is  speculation that the Agfa may try to sell or spin-off the Offset Solutions division. Agfa  has a partnership with state-owned Chinese plate manufacturer Lucky HuaGuang since  2018.
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Brian Friar says:
Sad to hear. I worked at Adventure as a second job for a number of years when I first emigrated to ...
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