Higher raw material prices, led by crude oil, continue to impact resin manufacturers, but the surge in new product development is helping to drive sales growth.
David Savastano, Ink World Editor05.08.08
As has been the case throughout the ink industry supply chain, the rising price of crude oil has had a
Photo courtesy of Flint Group.
direct impact on resin manufacturers. At press time, crude oil had reached $119 a barrel, nearly twice that of early 2007, and that has led to higher costs for important feedstocks, in addition to manufacturing and transportation costs.
For resin suppliers, the last year has brought mixed results, as they have had to contend with higher costs, in most cases by issuing their own price increases. Meanwhile, resin manufacturers are successfully developing new products to meet the increased interest in environmentally friendly technologies, as well as products that will help ink manufacturers deliver more value to their customers.
The Past Year for
The Resin Industry
In spite of the higher raw material prices that continued to plague the industry in the past year, resin manufacturers had solid years in 2007
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