Flint Group raises packaging ink prices

Flint Group has announced an immediate price increase across all its packaging ink and coating products, citing rising costs resulting from the ongoing conflict in the Middle East.

The company says the conflict is affecting its cost base across multiple areas, including raw material and intermediate prices, transportation, logistics and insurance costs, energy costs and lead times, with some suppliers issuing force majeure notices and availability of certain materials tightening.

'Recent events in the Middle East are having a significant impact on the cost and availability of many essential materials and services and regrettably, we do not expect these pressures to ease quickly,' said Doug Aldred, chief commercial officer of Flint Group.

'Following a number of significant disruptions over recent years, supply chains are fragile,' noted Heiner Klokkers, president and CEO for Europe, India, Africa and the Middle East at Flint Group. 'Nevertheless, we are working closely with all our suppliers and third-party service providers to mitigate rising costs, secure raw materials and reduce risk wherever possible.'

Specific increases will be communicated through Flint Group's regional sales organizations. Customers are advised to contact their local sales representative for details.