November 1, 2018 By PrintAction Staff
Flint Group Packaging Inks has confirmed it will implement a price increase for all Flint Group Packaging Inks products sold in Canada and the U.S. to alleviate raw material and freight cost increases, effective November 15.
“The progressively challenging trading environment is forcing Flint Group to look carefully at its cost base, ensuring the sustainability of supply for all our valued customers,” according to a statement from the company. “The recent trade tariffs imposed by the U.S. Government are soon to rise from 10 to 25 percent, a cost Flint Group cannot bear alone. Additionally, the market has seen significant cost increases in raw materials and freight across the North American region, which place further pressure on Flint Group’s cost base.”
“As stated in December 2017, we continue to deploy significant capital to efficiency projects in order to mitigate as many headwinds as possible; however, the combined impact of the tariffs, raw material and freight inflation has become untenable. We will continue to drive all cost mitigation initiatives with rigour and tenacity, protecting our valued customers from further increases as much as feasibly possible,” says Doug Aldred, President Packaging Inks & Resins.
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