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Sidel adjusts equipment prices due to rising raw material costs

The global pandemic has affected the packaging solution industry by leading to a significant price increase and shortage of raw materials and components used in packaging equipment. To compensate for the rising costs and continue to provide the highest quality solutions, Sidel is implementing a commodity-induced price adjustment on its equipment by an average of 5% effective September 6, 2021. Deficiency of raw materials and components may impact equipment delivery time as well.

Since the outbreak of COVID-19, Sidel has been striving to keep the same price level for its equipment despite the fact that the price of raw materials has increased significantly since 2020. Moreover, this increase is not expected to recover in the foreseeable future.

Additionally, the pandemic, combined with other external factors, has resulted in a significant shortage of microchips globally. This shortage is an outcome of supply-related disruptions, including forced closure of factories, together with an unanticipated increase in demand for personal electronics such as cell phones and laptops as people were required to work or study remotely. Both supply shortage of microchips and increase in consumption of personal electronics lead to supplier delays which might impact the overall Sidel delivery channels for the near future.

“We are doing everything that is in our control to ensure the high quality solutions Sidel is known and celebrated for and to acquire the needed commodities whenever and wherever they are available. For this reason, we have increased communication with our suppliers and customers as well as adapted our project execution processes internally, so that the component delays have the minimum impact possible,” says Ko Hoepman, EVP Portfolio, Innovation & Marketing at Sidel, assuring that Sidel is working to mitigate any risks that shortages could cause.

Editor’s Note: The images within this document are for illustrative purposes only and should not be used for reproduction. If high-resolution copies are not attached with the document, please contact Elina Kresa at F&H Communications for copies – see contact details below.

Sidel is a leading global provider of packaging solutions for beverage, food, home and personal care products in PET, can, glass and other materials.

Based on over 170 years of proven experience, we help shape the factory of tomorrow, through advanced systems and services, line engineering, eco-solutions, and other innovations. With over 40,000 machines installed in more than 190 countries, Sidel has 5,000+ employees worldwide who are passionate about providing equipment and service solutions that fulfil customer needs.

We continuously ensure we understand the evolving business and market challenges our customers face and commit to meeting their unique performance and sustainability goals. As a partner, we apply our solid technical knowledge, packaging expertise and smart data analytics to assure lifetime productivity at its full potential.

Company Name: 
SIDEL
Contact Person: 
Elina Kresa
Designation: 
Consultant
website: 
www.sidel.com
Email: 
sidel@fundh.de
Phone: 
+49 (0) 89 12175 147
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