“Since October 2005, our news ink operations have received more than 80 raw material price increases from our supply base of approximately 30 key suppliers,” said Mike Green, vice president - general manager of Flint Group North America News Ink Division. “Global demand for chemical raw materials in developing regions of the world has significantly tightened supply of basic chemicals used by the newspaper printing ink industry, including Flint Group. We are now competing for supply from historic raw material sources that in many cases, now have greater value in other developing global markets and industries. Our ink price increases are necessary to offset the continuing escalation of raw materials, energy and freight costs.”
Mr. Green added that Flint Group remains committed to delivering the highest level of quality products and services to meet the needs of newspaper and coldset printers.