Impress, the metal packaging specialist, is to put up its can prices in Europe by 10-15%, depending on product type following 'unprecedented' increases in input costs.
Impress chief executive Francis Labbé said the company had to take this 'unpleasant and unusual step' because energy and transport costs had risen sharply in the first half and it now faced further increases in lacquers, inks and coatings.
At the same time suppliers are rationing deliveries of the tinplate and tin-free steels used in canmaking, causing 'significant supply disruption'.
The major tinplate suppliers have also announced 'huge' price rises over the coming months.
Labbé said the company's priority would be to fight these increases to 'ensure continuity of supply for our customers at the lowest possible cost'.
'We will intensify our efforts to reduce the metal and energy components in our products, using the advanced technologies and skills at our disposal,' he added.
