The global markets for the raw materials required to manufacture printing inks have for quite some time been dominated not only by continuously rising prices but also by a growing shortage of these resources.
Despite stagnating or even temporarily falling prices for crude oil, the overall costs of ink production have seen a distinct increase. Responsible for this increase are considerable price rises for energy and raw materials (such as resins and refined oils) and a keen price situation in the logistics sector as a whole.
This means it has become absolutely essential for the hubergroup to align the European retail prices of its inks, coatings and auxiliaries accordingly. Since the price trends in the various product sectors differ according to the different raw materials used, the increase in prices will be negotiated on a customer-by-customer basis in line with the impact of these increased raw material costs in the various product sectors.
Flint Group recently celebrated the official opening of a new state-of-the-art ink manufacturing facility in Guangzhou, China. The plant provides packaging and commercial printers with water- and solvent-based inks, UV inks, specialty inks and varnishes and serves China and Southeast Asian markets.
Local government officials and Flint Group executives led the event, attended by approximately 200 customers, suppliers, business partners and employees. At the ceremony, Henry Leong, president of Flint Group Asia, underscored Flint Group’s pledge to offer only top-quality environmentally-friendly products to the region, supported by “global technology and local service.”
Mike Gannon, president and COO of Flint Group’s ink business worldwide, highlighted Flint Group’s dedication to the Asian market. “This new plant is an example of our commitment to the region, and Guangzhou is an excellent choice of location,” Mr. Gannon said. “The Guangdong Province is one of the major export regions of China and the packaging segment is growing at a very rapid rate.”
Howard Poulson, non-executive chairman of Flint Group, expressed gratitude to local Chinese officials, promised environmental stewardship and proper employee welfare, and forecasted a prosperous future.
Sitting on 20,200 square meters of land located in the Guangzhou Economic & Technological Development District of Guangdong Province, this 4,800 square-meter facility is poised for future expansion as demand for these products grows.
This is Flint Group’s second facility within three years of direct Chinese presence. The company opened a news and heatset ink manufacturing facility in Beijing in 2004.