Flint Group Packaging Inks to increase prices across flexible packaging product lines
June 10, 2020 By PrintAction Staff
Flint Group Packaging Inks has implemented a North American price increase for its solvent-based business to alleviate raw material cost increases. The price increases will apply to all Flint Group Packaging Inks products sold in Canada and the United States, and will take effect July 15, 2020.
Supply across a number of raw material categories has tightened as costs have risen due to a more constrained market. Solvent costs, particularly isopropyl alcohol, have climbed to a level that mandates the company pass along a portion of the increase, says the company in a press release. In addition, the market has seen significant cost increases in other raw materials, including polyamides, resins and carbon black.
“The supply situation caused by COVID-19 had a significant impact on all industries around the world – and Flint Group was not immune to its effects,” said Michael Mosley, vice president and general manager of Packaging Inks North America. “Already rising costs, in addition to material constraints caused by the virus, have resulted in cost increases that we simply cannot bear alone.”
“We are pleased to have delivered consistent output despite major supply chain challenges resulting from the pandemic,” added Mosley.
Flint Group says local sales representatives will be reaching out to all its customers to discuss how the price increase will impact each business.
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