Flint Group has announced price increases for solvent-based packaging inks and all white packaging and narrow web inks in North America, effective April 1st. The company says continuing raw materials cost increases, specifically for titanium dioxide, has necessitated the change.
“Cost pressure has been constant and the magnitude of the cost increases require we pass them through the supply chain," says Susan Kuchta, vice president North American packaging and narrow web. "These costs can not be absorbed and still maintain a consistent and assured supply of product to the industry.”
The price increase for solvent-based products is 6%, and the increase for white ink will be up to 18%, depending on the type and concentration of raw materials making up its composition. Flint Group will communicate with their customers regarding the overall impact of the price increases on their specific product portfolio.