Read later
  • 05 Apr 2019

Flint: Global raw material hike caused by explosion

Flint: Global raw material hike caused by explosion

A recent and deadly explosion at Jiangsu Tianjiayi Chemical in China is severely impacting the global raw material supply chain, including materials used in publication and UV printing inks, Flint Group said in a new release.

The March explosion spread to adjacent facilities, causing nearly 80 deaths, injuring hundreds of people and forcing thousands of evacuations of nearby areas. The Chinese government has forced shut-downs at the industrial park, as well as others nearby, to allow for investigations and safety inspections.

‘Our hearts go out to the loved ones of those hurt or killed,’ said Michael Podd, chief procurement officer of Flint Group’s CPS Inks business.

According to Arno de Groot, vice president procurement for Flint Group Packaging, ‘thousands of factories have already been shut down. Government investigations and safety inspections will impact the total chemical industry in China and will not be limited to the province where the catastrophic accident happened.'

The impact has reached UV and publication printing ink supply chains, as the closures affect companies that supply materials for photoinitiators and for red and yellow pigments. Podd notes that the raw material shortage will not affect ink supply for Flint Group’s customers.

‘Our preferred status with our partner suppliers helps us minimize supply chain disruptions, even during unforeseen crises like this one.’

He continued, ‘Our customers can rely on us for an uninterrupted supply of inks, though these raw materials will come at a higher cost due to the supply / demand imbalance this event has caused.’ Re-open dates for the shuttered raw material facilities remain unknown.

ABOUT THE AUTHOR

The Labels & Labeling global editorial team covers every corner of the world from Europe and the Americas, to India, Asia, Southeast Asia and Australasia with all the latest news from the label and package printing market.

See author’s profile »