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    Fresh Ink

    Graphic Sciences Sets Price Increase

    Related CONTENT
    • Publication Gravure Faces Challenges in Europe
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    11.06.07
    Graphic Sciences Inc., Portland, OR, has announced a price increase of 8 percent for its commercial ink and coating products.
        
    The increase, effective Nov. 1, 2007, comes in response to rising costs resulting from well publicized changes in Chinese export trade policy, coupled with record price levels within the petrochemical business sector.
        
    On July 1, the Chinese government eliminated its Value Added Tax (VAT) refunds to Chinese exporters, which has impacted many domestic industries including inks and colorants.

    Additionally, supply of some materials is becoming increasing limited due to plant closures as China moves to reduce the negative impact of these facilities on the environment.
        
    “The availability of low-cost pigment supply from China has caused capacity to diminish in the United States and Europe,” said Kent Wishart, president of Grap

    Continue reading this story and get 24/7 access to Covering the Printing Inks, Coatings and Allied Industries - Ink World for FREE


    Ink World magazine has tracked the growth of the ink industry and its allied industries through years of changes, technology, evolution, consolidation and market development. No other magazine has been around for as long or covered as much of the global printing ink business. This website is dedicated to providing in-depth industry coverage and late-breaking news.

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