Spandex raises its prices

Spandex Asia Pacific is raising its prices in response to trading conditions, the dollar and raw material costs with immediate effect. The rises come on the back of similar increases from Australian paper merchants in March, with printers also hit by bulk mail price hikes from Australia Post. Spandex says tight margins have forced its hand in passing on rises in raw material prices and fallout from the weak Australian dollar against its UK and US trading partners.

Alex McClelland, managing director and vice president of Spandex

Alex McClelland, managing director and vice president of Spandex

Alex McClelland, managing director of Spandex, says the hikes will not be a blanket increase but vary across product groups and will all be ‘in low single-digit percentages’. In a letter to customers, he says, “Arlon vehicle wrapping films decreased in price last year and, even with this year’s increase, are still below what they were pre-2013. “Spandex’s own range of large format media, ImagePerfect, remains our best value offering, with over 90 commonly used digital sign materials now representing even greater savings. Our Avery Dennison portfolio is also an excellent quality value proposition.”

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