As a result of rising raw material prices and growing demand, Flint Ink and Sun Chemical in North America have announced increases of six percent across its heatset and directory ink and overprint varnishes, effective July 1.
"We're working to control our costs closely with our supply chain partners and to improve the efficiency of our internal operations," said Dennis Sweet, Vice President, Product Management, Publications Inks, Sun Chemical. "While these efforts have helped offset growing cost pressures, we can't eliminate the need for a price increase at this time. We will continue to work on controlling our own costs closely with our supply chain partners, improve our internal operations, and develop new value-oriented products and services that can help improve customer productivity and grow their business."
Flint Group issued a press release echoing the sentiment: "Flint Group works very hard to shield customers from the impact of
raw material trends," said Michael Podd, Business Director of Heatset
Inks North America, "but the recent level of activity makes it
impossible for us to absorb the effects completely."
Flint attributes the price hike to "ongoing raw material trends, including supply shortages, have pushed up the price of pigments, resins and other intermediates used in the manufacture of heatset & directory inks in North America."
In the European market, Flint has announced price hikes of between five and eight percent.