Flint Group Announces Price Increases For All Printing Inks

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Date: Tuesday November 20, 2012 08:48:06 am
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    Flint Group Announces Price Increases For All Printing Inks in Europe, Middle East and Africa

    The  highly  volatile  raw  material  markets  in  2012  necessitate  Flint  Group  to  increase prices for all Coldset, Heatset, Publication Gravure, Sheetfed, Packaging and Narrow Web Inks and Coatings and Press Room Chemicals as of 1st Jan 2013.

    In 2012, the global raw material markets have continued to be highly volatile. Despite the rather flat  economic  outlook,  there  are  still  many  challenges for  the  supply  chain.  Demand from  the emerging markets is rising while supplier production capacities shrink, putting pressure on the entire printing ink sector. 
     
    Wolfgang Blumschein, Vice President Sales, Print Media Europe adds “The situation is further aggravated by the weak Euro, as most world market base materials are traded in USD or USD-related currencies, like the Chinese Yuen. This will inflate the raw material prices even further for  the  foreseeable  future”  He  continues,  “In  addition  to  these  pressures  on  the  raw  material markets, significant cost increases in transport, packaging and energy have also had an impact on our industry and are expected to rise further in 2013.” 
     
    The price increase will generally range from 2% – 6% depending on the product segment. There may though be some products that lie outside this range due to the type and concentration of raw materials making up their composition.
     
    Doug  Aldred,  President  Packaging  and  Narrow  Web,  explains,  “Cost  pressure  has  been constant  and  the  magnitude  of  the  increases  requires  that  we  pass  some  of  the  increases through the supply chain. Flint Group has made every effort to mitigate these cost increases by process optimisation and a leaner organisation as part of the continuous improvement process. However,  consistent  product  quality  is  vital  to  our  valued  customers  and  will  not  be compromised.”
     
    Flint Group representatives will contact each customer individually to explain the impact of these increases. 

    More info:
    http://www.flintgrp.com

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