Flint Group announces price increases for printing inks

Flint Group has announced sales price increases for printing inks effective July 1, as a consequence of strongly increasing raw material costs. The price increases will be up to 20 percent depending on product type. 

The escalating prices for crude oil related materials and the critical supply situation for precursors of pigments and intermediates from China, coupled with shortages due to the environmental restrictions imposed by the Chinese government around the Olympic Games in Beijing, are blamed for the increase.

‘Flint Group is fully committed to supply its customer base reliably with quality products in this difficult phase of short supply of raw materials,’ said Dr Dirk Aulbert, president Flint Group Europe. ‘However with the current surge in raw material cost, the implementation of these price increases is a necessity. The current dynamic in the raw material markets is putting a strain on the entire value chain and is forcing difficult messages to customers about resetting the value proposition for our products.’