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Flint Ink North America Announces Price Increases and Freight Surcharges

Published on 2005-09-23. Author : SpecialChem

Ann Arbor, Michigan -- To offset the continuing escalation of raw materials, energy, and freight costs, Flint Ink North America has announced the following price increases and freight surcharges, effective October 1, 2005.

Product
Price Increase
Surcharge per pound
Heatset Web Offset inks
12%
Two cents
Publication Gravure inks
12%
Two cents
Packaging inks Solvent
10%
Four cents
Packaging inks Water
6 %
Four cents
Energy Curable inks
10 %
Four cents
Commercial and Packaging Sheetfed inks
10 %
Four cents
Coldset News/ Directory Black inks
12 cents/lb

Freight surcharges will be reviewed on a quarterly basis.

"We have been taking extraordinary measures to ensure a consistent supply of high-quality products to our customers," says Bill Miller, president of Flint Ink North America. "But our industry and its suppliers have been caught at the center of global shortages and rising demands for crude oil, natural gas and their by-products, as well as many other raw materials that are key to the manufacture of printing inks. We are also feeling the impact of Hurricane Katrina and the devastation it has caused our country's infrastructure and supply lines. Unfortunately, I think we will be living with the effects of both of these issues for a long time to come."

Miller notes that Flint Ink representatives will be contacting all customers in the coming weeks to explain the severity of the situation and to work with them to ensure the most efficient means of delivering products.

Flint Ink

Founded in 1920, Flint Ink is the largest privately-owned printing ink manufacturer in the world. The company offers a comprehensive range of flexographic, sheetfed, web offset, gravure, UV/EB curable and digital and specialty printing materials and equipment. Headquartered in Ann Arbor, MI, the corporation is organized into eight segments: North America, Latin America, Asia, India/Pacific, Flint-Schmidt (Europe), Jetrion LLC (digital inks, equipment, and integration), Precisia LLC (printed electronics), and CDR Pigments & Dispersions. Flint Ink operates nearly 100 facilities worldwide, employs approximately 4,400 people, and has sales of USD$1.5 billion.

Source: Flint Ink


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