INX International Ink Co. has announced a price increase on its inks and coatings that will take effect April 1. Company officials cite the unprecedented upward price pressure on raw materials, transportation and the continued instability in the raw material supply chain as the major contributing factors for this new price increase.
“Raw material increases are outpacing our mitigation efforts to a point that we are unable to absorb the impact of the increases anymore,” says INX President Rick Clendenning. “Some of the major increases have been with select pigments and all resins used for litho inks, solvent based inks, water based inks, and coatings. We will continue our efforts to analyze our processes and implement cost savings initiatives, while bringing new innovations and technologies to our customers and the market.”
Based in Schaumburg, IL, USA, INX International has more than 20 manufacturing facilities in the US and Canada, and is a global supplier as part of Sakata INX worldwide operations.