Flint Group Announces Price up for Printing Inks in Europe

Tag : Pigment Intermediates

Flint Group announces sales price increases for printing inkseffective 1st of July, as a consequence of strongly increasing rawmaterial costs. The price increases will be up to 20% depending onproduct type.
The escalating prices for crude oil related materials and thecritical supply situation for precursors of pigments andintermediates from China coupled with shortages due to theenvironmental restrictions imposed by the Chinese government aroundthe Olympic Games in Beijing are driving up costs dramatically, forink manufacturers.
"Flint Group is fully committed to supply its customer basereliably with quality products in this difficult phase of shortsupply of raw materials," says Dr. Dirk Aulbert, President FlintGroup Europe. "However with the current surge in raw material cost,the implementation of these price increases is a necessity. "Headds in saying: "The current dynamic in the raw material markets isputting a strain on the entire value chain and is forcing difficultmessages to customers about resetting the value proposition for ourproducts."
About Flint Group:
Flint Group is dedicated to serving the global printing andpackaging industry with five specialised business units: FlintGroup's ink companies develop and market a wide range ofconventional and UV printing inks on a global basis, with regionaloperations providing local service throughout the world. FlintGroup Flexographic Products specialises in photopolymer printingplates, flexographic sleeve systems as well as washout solvents andplatemaking equipment. Flint Group Narrow Web is dedicated to thenarrow web ink market, including labels, product decoration andpackage printing. Flint Group Pigments produces a range of pigmentproducts and additives for use in inks and other colourantapplications. Day International develops and distributes offsetprinting blankets and sleeves, pressroom chemicals and diecuttingsupplies. Headquartered in Luxembourg, Flint Group operates morethan 170 facilities worldwide and employs some 8300 people.Revenues for 2007 are € 2.3 billion ($US 3.1 billion),positioning the company as the number one or number two supplier inevery major region it serves.
Source: Flint Group