Effective 3 April 2017, Flint Group will be introducing price increases of between 4% - 7% for its Packaging, Narrow Web & Sheetfed customers.
The decision follows a prolonged period of significant raw material cost inflation, force majeure announcements and changes in the supply outlook of raw materials for printing inks and varnishes.
“The increases will vary by product group and our business managers will be in contact with their customers over the next few days to discuss the details,” said Doug Aldred, president of the packaging, narrow web & sheetfed division.
On 22nd February, Flint Group announced price increases and a variable surcharge due to the supply constraints and price inflation seen in the global Titanium Dioxide (Ti02) market. In addition to the Ti02 crisis, the security of supply for many ink-related raw materials has recently worsened, thus expediting a further general price increase announcement to cover the rising cost landscape.
Further information in relation to the raw material cost escalations can be found on the Flint Group website via a “Raw Material Trends” report.