In a statement, the company said: "As a result of the economical crisis at the end of 2008, raw material prices escalated and still remain at a continuing high level; a recovery cannot be seen. Furthermore, photopolymer printing plates are manufactured with several special raw materials, which are exclusively produced for these products."
"We place high demands on quality and the specification of our raw materials," says Thomas Zwez, vice president operations, Flint Group Flexographic Products. ”It is obvious that our suppliers will charge us for this service. Due to this special situation, we have to work constantly to secure our raw material base. This means significant additional efforts, which tie up considerable resources. Flint Group will work continuously on improving internal processes and offering sustainable and innovative products to its customers."
Flint Group’s sales representatives will soon contact customers to discuss the details of the price increase.