The continuing cost escalation for raw materials required Flint Group to increase prices of inks in North America effective Aug. 1, 2011.
2011 has been a very difficult year. Raw material availability and costs have been challenging. Raw material costs increased consistently throughout 2010 and have continued to do so in 2011.
“We have continued to see shortages and cost increases in key materials,” said Susan Kuchta, vice president North American Packaging and Narrow Web. “In many cases, the cost increases have been cycling through every 30 to 60 days.”
Due to the continuing cost increases already incurred in the last few months, Flint Group is increasing the prices of inks and coatings as follows, effective August 1, 2011:
Packaging and Narrow Web
• Water- and solvent-based products will increase 6%, with the exception of white, which increases 10%.
• UV flexo products will increase 5%, and other narrow web UV products will also increase 5%.
• Violet 23 pricing adjustments will be determined on a customer-by-customer basis based on product.
• All publication gravure inks will increase 7%.
Flint Group will communicate with their customers regarding the overall impact of the price increases on their specific product portfolio.
“We know that price increases are tough, especially in today’s business climate,” said Bill Miller, president Print Media. “We appreciate our customers’ support as we address business realities, and we assure them that the quality and supply of our products will not be affected by these market conditions.”