Kyodo Printing is advancing price pass-through to customers as laminate tube raw material prices have surged due to tensions in the Middle East. In cosmetics applications, UV creams have been sluggish due to unsettled weather, while hair care and body care have remained firm, and the company is advancing the development of products with strong design appeal.
Kyodo Printing is reportedly facing surging prices for raw materials used in its core laminate tube business due to tensions in the Middle East. Against this backdrop, the company indicated a policy of passing the higher costs through to customers.
In cosmetics applications, UV creams have been sluggish due to this year's unsettled weather, while hair care and body care have remained relatively firm, tracking at around the previous year's level.
Consolidation is progressing among laminate tube base materials and other materials, while demand is rising for multifunctional products with strong design appeal. Kyodo Printing has indicated a policy of enhancing design appeal through its decoration technologies.
The company owns a factory in Vietnam and aims to expand its laminate tube business for cosmetics applications in Japan and overseas.