03.01.21
Flint Group’s Day and Varn businesses in North America are announcing price increases in blankets and chemical products to alleviate rapid and sustained increases in raw materials and logistics costs.
The increases will be active for all blankets, bars, chemicals and consumable products sold in the US and Canada and will be effective March 1, 2021, or by contract.
Supply chains and supply across several raw material categories have tightened and or been disrupted leading to costs rising due to a more constrained market, according to Flint Group.
Solvent costs have risen at a level that mandates the company pass along a portion to the market.
Additionally, the market has seen significant cost increases in other raw materials such as glycols, silicones emulsions and oils, Flint Group said.
Physical Packaging is also a major issue with both Steel & Plastic in short supply, and indications are that this pattern of events will continue through 2021, according to Flint Group.
As producers of 330-gallon tote bottles have announced force majeure, all 330 gallon totes will move to 275-gallon containers, per Flint Group.
Freight and transportation costs are also under severe pressure in terms of availability and cost due to COVID-19 and weather-related impacts, Flint Group said.
