FLINT INK INCREASES PRICES

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FLINT INK INCREASES PRICES

 user 2005-09-28 at 12:22:00 pm Views: 44
  • #12963

    Flint Ink Increases Prices, Adds Surcharges
    Flint Ink North America has announced price increases and freight surcharges on all product lines.
    ANN ARBOR, MI – To offset the continuing escalation of raw materials,
    energy, and freight costs, Flint Ink North America has announced the
    following price increases and freight surcharges, effective October 1,
    2005.

    Product……………..(per pound)….+Price…….+Surcharge
    Heatset Web Offset inks……………..12%………Two cents
    Publication Gravure inks……………..12%………Two cents
    Packaging inks – Solvent…………….10%………Four cents
    Packaging inks – Water………………. 6%………Four cents
    Energy Curable inks…………………..10%………Four cents
    Commercial and Packaging
    Sheetfed inks……………………………10%……..Four cents
    Coldset News and
    Directory Black inks……………………12 cents/lb.

    Freight surcharges will be reviewed on a quarterly basis.

    Raw Material and Freight Costs Rising
    “We have been taking extraordinary measures to ensure a consistent
    supply of high-quality products to our customers,” says Bill Miller,
    president of Flint Ink North America. “But our industry and its
    suppliers have been caught at the center of global shortages and rising
    demands for crude oil, natural gas and their by-products, as well as
    many other raw materials that are key to the manufacture of printing
    inks. We are also feeling the impact of Hurricane Katrina and the
    devastation it has caused our country’s infrastructure and supply
    lines. Unfortunately, I think we will be living with the effects of
    both of these issues for a long time to come.”

    Miller notes that Flint Ink representatives will be contacting all
    customers in the coming weeks to explain the severity of the situation
    and to work with them to ensure the most efficient means of delivering
    products.

    Founded in 1920, Flint Ink is the largest privately-owned printing ink
    manufacturer in the world. The company offers a comprehensive range of
    flexographic, sheetfed, web offset, gravure, UV/EB curable and digital
    and specialty printing materials and equipment. Headquartered in Ann
    Arbor, MI, the corporation is organized into eight segments: North
    America, Latin America, Asia, India/Pacific, Flint-Schmidt (Europe),
    Jetrion LLC (digital inks, equipment, and integration), Precisia LLC
    (printed electronics), and CDR Pigments & Dispersions. Flint Ink
    operates nearly 100 facilities worldwide, employs approximately 4,400
    people, and has sales of USD$1.5 billion.