Flint Group increases prices for packaging inks in Europe

Flint Group will increase prices for packaging inks in Europe by 6-7 percent from July 15, citing the rising cost of raw materials.  

Jens Zimmermann, director global marketing, Flint Group Packaging & Narrow Web, explained: ‘While the challenges in 2008 were clearly related to pricing of crude oil, the current challenges have quite a differentiated background. The two key contributors are major shortages of key raw materials on one side and ongoing base chemical cost increases on the other side.  

‘This has been driven by supply/demand imbalances on the raw material markets caused by the economic revival as well as a significant de-stocking of most raw material supply chains following the economic collapse at the end of 2008.’ 

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