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 Graphic Sciences. “China now produces 75 percent of the world&
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