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Flint Group has announced price increases of between 4% and 7% for all its packaging, narrow web and sheetfed inks and varnishes.  The company blamed the price rises on a “prolonged period of significant raw material cost inflation, force majeure announcements and changes in the supply outlook for raw materials for printing inks and varnishes”.
The higher prices, which will vary by product group, come into effect on 3 April.  Flint’s Packaging, Narrow Web & Sheetfed Division business managers will contact customers over the next few days to discuss details.
Last November Flint Group signed a deal with KBA that would see Flint Group’s conventional sheetfed inks used in the commissioning of all new KBA conventional sheetfed offset presses worldwide.
The latest price hikes come on top of a price rise and a variable surcharge announced by Flint on 22 February, on the back of supply constraints and inflation of around 25% in the global titanium dioxide market.
But security of supply for many ink-related raw materials has deteriorated further since that announcement, prompting Flint to impose this additional price increase.
Flint has just published a Raw Material Update containing a summary introduction headlined ‘The world is not becoming easier’.