LONDON, Dec. 20, 2018 (Press Release) -Flint Group Packaging Inks today confirms the implementation of a price increase for all products sold within Europe.
The progressively challenging global trading environment compels Flint Group to implement difficult decisions for the security and sustainability of supply. Furthermore, significant cost headwinds have been witnessed in pigments, solvents, resins and freight, placing uninterrupted cost pressure on the Packaging Inks’ business. The price increase will vary depending on each product’s composition; for some customers, increases have already been agreed. Flint Group salespeople will be actively conferring with all customers to ensure full attainment of the price increase during January.
Doug Aldred, President Packaging Inks & Resins notes, “Despite today’s announcement, we are resolutely committed to the efficiency projects first communicated to the market in late 2017. In addition, we continue to implement new initiatives to remove cost and complexity, steadfastly focusing on the benefits these activities bring to our customers. However, raw material and freight inflation has become untenable, hence, we are forced to look toward the market to alleviate some of the cost burden we face. Nevertheless, customers will be pleased to learn that we will be introducing new, high-performing products throughout the course of 2019, helping to improve printing efficiencies and support process optimisation within our customers’ press room; the influence of these changes will be especially pertinent for our Paper & Board customers.
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.