Industry News

Flint Group Announces Price Increases for Printing Inks in Europe

Published on 2008-06-30. Author : SpecialChem

Flint Group announces sales price increases for printing inks effective 1st of July, as a consequence of strongly increasing raw material costs. The price increases will be up to 20% depending on product type.

The escalating prices for crude oil related materials and the critical supply situation for precursors of pigments and intermediates from China coupled with shortages due to the environmental restrictions imposed by the Chinese government around the Olympic Games in Beijing are driving up costs dramatically, for ink manufacturers.

"Flint Group is fully committed to supply its customer base reliably with quality products in this difficult phase of short supply of raw materials," says Dr. Dirk Aulbert, President Flint Group Europe. "However with the current surge in raw material cost, the implementation of these price increases is a necessity. "He adds in saying: "The current dynamic in the raw material markets is putting a strain on the entire value chain and is forcing difficult messages to customers about resetting the value proposition for our products."

About Flint Group:

Flint Group is dedicated to serving the global printing and packaging industry with five specialised business units: Flint Group's ink companies develop and market a wide range of conventional and UV printing inks on a global basis, with regional operations providing local service throughout the world. Flint Group Flexographic Products specialises in photopolymer printing plates, flexographic sleeve systems as well as washout solvents and platemaking equipment. Flint Group Narrow Web is dedicated to the narrow web ink market, including labels, product decoration and package printing. Flint Group Pigments produces a range of pigment products and additives for use in inks and other colourant applications. Day International develops and distributes offset printing blankets and sleeves, pressroom chemicals and diecutting supplies. Headquartered in Luxembourg, Flint Group operates more than 170 facilities worldwide and employs some 8300 people. Revenues for 2007 are € 2.3 billion ($US 3.1 billion), positioning the company as the number one or number two supplier in every major region it serves.

Source: Flint Group

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