Flint Group will increase by 5-8 percent prices of narrow web inks starting July 1 2010. The company cited a supply/demand imbalance on the raw materials market and the increase of costs of base chemicals as reasons for the rise.
‘Reductions in capacity are impacting on all areas of the industry with the packaging and narrow web ink markets also similarly affected by global shortages in key materials such as acrylates or acrylic resins which are derived from acrylic acid,’ explained Jens Zimmermann, director global marketing Flint Group Packaging & Narrow Web. ‘Acrylic acid is facing a global shortage, which started in
‘Flint Group is conscious of the fact that its customers are not having an easy time at the moment and that many raw materials together with energy and transport will continue to rise. However, Flint Group is not exempt from this phenomenon, and even though our technical team is constantly searching for ways to mitigate these effects, we ourselves are incurring tremendous increases despite our ongoing cost containment programs. The cost increases have now proved too large and the need to pass on these higher costs to our customers is necessary.’
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