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Flint Group Packaging Inks to increase prices across all product lines for flexible packaging in North America, effective July 15

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Flint Group Packaging Inks to increase prices across all product lines for flexible packaging in North America, effective July 15

June 10, 2020 - 10:10

ROGERS, MN, June 10, 2020 (Press Release) -Flint Group Packaging Inks today confirms the implementation of a North American price increase for its solvent-based business to alleviate raw material cost increases. The price increase will be active for all Flint Group Packaging Inks products sold in the United States of America and Canada and will take effect as of July 15, 2020.

Supply across a number of raw material categories has tightened and costs have risen due to a more constrained market. Solvent costs, notably isopropyl alcohol, have risen to a level that mandates the company pass along a portion of the increase.  Additionally, the market has seen significant cost increases in other raw materials such as polyamides, resins and carbon black. 

Michael Mosley, Vice President and General Manager of Packaging Inks North America notes, “The supply situation caused by COVID-19 had a significant impact on all industries around the world – and Flint Group was not immune to its effects. Already rising costs, in addition to material constraints caused by the virus, have resulted in cost increases that we simply cannot bear alone.

“We are pleased to have delivered consistent output despite major supply chain challenges resulting from the pandemic.  Post pandemic, our focus remains pinned on supplying printers with the high quality materials needed to continue their essential package printing operations along with the technical support required to keep their operations running.

“As always, our teams will continue to mitigate, as much as possible, cost increases either through our own negotiations or continuous improvement projects.”

Flint Group local sales representatives will be in contact with all customers to discuss how this price increase will impact each business.

Flint Group is dedicated to serving the global printing and packaging industry. The company develops, manufactures and markets an extensive portfolio of printing consumables and printing equipment, including:

a vast range of conventional and energy curable inks and coatings for most offset, flexographic and gravure applications; pressroom chemicals, printing blankets and sleeves for offset printing; photopolymer printing plates and sleeves, plate-making equipment and flexographic sleeve systems; pigments and additives for use in inks and other colourant applications; Flint Group also designs, develops and delivers web-fed digital colour presses for labels and packaging applications, document printing, as well as commercial printing as well as platemaking equipment for the newspaper industry and computer-to-plate (CtP) solutions for the commercial printing market; With a strong customer focus, unmatched service and support, and superior products, Flint Group strives to provide exceptional value, consistent quality and continuous innovation to customers around the world. Headquartered in Luxembourg, Flint Group employs some 8200 people. Revenues for 2017 were € 2.2 billion. On a worldwide basis, the company is the number one or number two supplier in every major market segment it serves.