The company blamed the price hikes on increases in the cost of raw materials and energy costs, and said that it had not experienced the current level of volatility in prices for more than 30 years. 

The increases will vary by product and country but will range from between 5-15% for solvent screen inks, 3-8% for UV screen and flexo inks and 8-15% for emulsions and chemicals.

A separate price increase for pressroom chemicals for the offset printing process is already underway.

Fujifilm said that, in spite of the difficult business conditions, it remained committed to helping its customers compete by providing a range of "leading-edge technologies and solutions" and that it was dedicated to working with the whole supply chain to minimise the effects as much as possible.