Printing Industry Threatened by Soaring Energy Prices - WhatTheyThink

2022-10-09 09:23:14 By : Mr. SALES DEPARTMENT

Sign In | Become a Member | Contact Us

Press release from the issuing company

The graphical sector is part of Europe’s critical infrastructure, with printers producing essential products that are required across the European economy. The energy crisis – on top of the effects of the pandemic and dramatically increasing paper prices – has left many printing companies in a critical situation. This will have severe repercussions on the supply of printed products for all markets. Legislators at national and EU level must provide our industry with more support. The continuous supply of essential products is at stake.

Printers serve every corner of the economy The energy crisis threatens the supply of printed products for all economic markets – from schoolbooks, advertising, and labels for food and pharmaceutical products, to packaging of all kinds. Not to mention the many printed products that are vital to democracy and Europe’s knowledge society, like books, newspapers, and magazines. The printing industry with its manifold products serves citizens and businesses across Europe every day. Even in times of crisis, printed products are essential. Food and pharmaceutical products need to be delivered and properly packaged and labelled, students need to be educated with school and lifelong learning materials, citizens need to be informed with newspapers and books, businesses need advertising to grow, and consumers need to easily access promotions and offers with printed advertising (something that is particularly important for vulnerable groups at a time of economic crisis).

SMEs are bearing the brunt of the energy crisis The printing industry belongs to the paper and board value chain. The paper and board industry, as an energy-intensive sector, was one of the first to be impacted by climbing energy prices. This led to soaring paper and board prices, as well as critical shortages. The printing industry is now experiencing the double penalty of skyrocketing raw material costs combined with rising energy costs. Because of their SME-based structure, this is a situation that many printing companies will not be able to sustain for much longer. Existing support schemes tend to be directed towards large energy-intensive sectors, but it is vital that legislators – both at European and national level – also provide support to sectors like ours that are part of Europe’s critical infrastructures. The printing industry is almost entirely SMEs (95%), an energy-using manufacturing sector, dependent on energy-intensive raw materials, and plays a vital role in supplying value chains that provide essential services and products to society. We call on policymakers across Europe to provide the graphical sector with more targeted support.

Join the discussion Sign In or Become a Member, doing so is simple and free

Member Center Renew membership, reset password, set email and notification preferences

BECOME A MEMBER TO RECEIVE ACCESS TO EXCLUSIVE COMMENTARY AND ANALYSIS, INDUSTRY DATA, AND MARKET INTELLIGENCE IMPORTANT TO INDUSTRY EXECUTIVES.

WhatTheyThink is the global printing industry's go-to information source with both print and digital offerings, including WhatTheyThink.com, WhatTheyThink Email Newsletters, and the WhatTheyThink magazine. Our mission is to inform, educate, and inspire the industry. We provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today's printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.

© 2022 WhatTheyThink. All Rights Reserved.