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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
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