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).
Related stories
Latest comments
"No Mr Bond, I expect you to di-rect mail"
"I'm sure this will go down well with print supply chain vendors. What terms is it that ADM are after - 180 days is it?"
"Hello Set Off,
Unencumbered assets that weren't on the Reflections books, I believe.
Best regards,
Jo"
Up next...

Increased sales first time around
Coca-Cola revives ‘Share a Coke’ campaign

Pingen automates print buying
Automated document printing service launches in UK

German partner was expected to boost sales
Revealed: Highcon came close to German investment deal

Started new role on 1 April