Bong UK and Bong Ireland business unit president Sue Hale said the company had suffered from a dramatic decline in pricing levels over the past two years.
There had also been an overall decrease in demand for envelopes within Europe, she added. Bong had implemented group-wide cost-saving actions but these had failed to compensate for the erosion of margins.
Hale hoped the price increase would be sustainable. If its not I dont know what the alternatives will be, she said.
Bong UK employs 163 staff at its Milton Keynes base, and a further 48 staff at its Ireland base.
The company has manufacturing plants in 11 countries and an annual capacity of 15bn envelopes. It employs 1,500 staff worldwide and has a turnover of around 163m (SEK2.1bn).
Have your say in the Printweek Poll
Related stories
Latest comments
"Been there too!"
"Very True"
"Customers expect quality as a basic requirement so quality is no longer a selling point as its a given. Similarly so, accreditations are a nice to have and show customers that you are committed but as..."
Up next...
50 accredited partners offering GGS loans
Guaranteed Growth Scheme receives extra £500m as tariffs bite
Flatter and streamlined organisation
Stora Enso restructure to reflect renewable packaging importance
Took over in the role on 1 April
Paul Brough becomes Mail Users’ Association chair
Birmingham's Marco Pierre White restaurant