Flint Announces Price Increases on Energy Curable Inks and Coatings
PLYMOUTH, MI—May 1, 2011—Flint Group North America has announced a 7 percent price increase on energy curable/UV inks and coatings used in sheetfed and offset web printing. New prices take effect on all products ordered in the United States and Canada on or after May 1, 2011, subject to existing contracts.
“Energy curable ink costs are affected on many fronts,” explained Doug Labertew, VP product management & strategy. “From pigments to additives to the highly functional materials that give energy curable products their performance properties, raw material costs are on the rise.”
“One example is acrylic acid,” added Diane Parisi, vice president supply chain management. “These materials are used in a variety of UV ink components, and their costs are greatly affected by limited supply of finished acrylic acid as well as its feedstocks.”
About Flint Group
Flint Group is dedicated to serving the global printing and packaging industry. The company develops, manufactures and markets an extensive portfolio of printing consumables, including: a vast range of conventional and energy curable inks and coatings for most offset, flexographic and gravure applications; pressroom chemicals, printing blankets and sleeves for offset printing; photopolymer printing plates and sleeves, plate-making equipment and flexographic sleeve systems; pigments and additives for use in inks and other colorant applications. With a strong customer focus, unmatched service and support, and superior products, Flint Group strives to provide exceptional value, consistent quality and continuous innovation to customers around the world. Headquartered in Luxembourg, Flint Group employs some 7300 people. Revenues for 2009 were €2.1 billion ($2.9 billion). On a worldwide basis, the company is the number one or number two supplier in every major market segment it serves. For more information, please visit www.flintgrp.com.
Source: company release.