Industry News

Flint-Schmidt/XSYS Print Solutions Announce Price Increase for News Ink Division

Published on 2005-11-23. Author : SpecialChem

With immediate effect, latest 1 January 2006, or as current contracts permit Flint-Schmidt/Xsys Print Solutions will apply a price increase of 8% to coldset coloured inks and 11% to coldset black product respectively.

The introduction of this price increase is necessary in view of the unprecedented rise in raw materials, driven by the crude oil price.

"During 2005 we as an industry have faced dramatic price increases across all key raw materials by as much as 70% over 2004. We have attempted to absorb these increases through intensive cost and management efficiencies however the escalation in raw material prices coupled with shortages in key areas has created an unsustainable position. If we are to remain as a viable supplier to the news industry we have no choice other than to seek support from our customer base by passing these price increases through the value chain." says Tony Lord, VP, GM, News Inks Division.

Source: Flint-Schmidt/Xsys Print Solutions

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