Cost Pressures Compel INX to Follow Trend and Boost Ink Price
SCHAUMBURG, IL—August 14, 2008—Citing significant and continuing advances in raw material, energy and transportation costs, INX International Ink Co. has announced an increase in ink prices of 10-12 percent across all product lines, effective September 1st. This move follows similar increases announced by other major manufacturers in recent weeks.
“The magnitude of multiple cost increases continues to challenge our ability to absorb them,” said Rick Clendenning, INX President and CEO.
“We will continue to expand our renewable-resource product offerings while working diligently to optimize our supply chain. We also plan to intensify our own energy management and other INX sustainability programs in order to moderate the impact on our customers. These combined efforts will enable us to meet customers’ ongoing ink and coating needs, with the unsurpassed product quality and service support they expect from us.”
INX International Ink Co. is the third largest producer of inks in North America with over 30 facilities in the U.S. and Canada, and is a global supplier as part of Sakata INX worldwide operations.