Flint Group North America will be raising the price of its black coldset inks (used to print newspapers, directories, and books) nine cents per kilo in Canada (four cents per pound in the US). The company attributes the increase to increased global demand for petroleum-derived raw materials, especially the increase in price for naphthenic oils and carbon black.
“Flint Group is taking every possible measure to mitigate the impact of this increase,” says Norm Harbin, Business Director, News Inks for Flint Group. “We appreciate customers’ understanding of the market conditions that make this price increase necessary.”
According to Flint, there are only a handful of North American naphthenic oil refineries supplying its global demand and a significant amount of that oil is now being exported overseas. Carbon black manufacturers also removed a significant amount of capacity during the recent global recession, but now that demand has increased once again (with demand from the tire industry), manufacturers are now at capacity.