Flint Announces Price Increases on Heatset Web Inks
PLYMOUTH, MI—May 18, 2011—Flint Group North America has announced a 10 percent price increase on heatset web offset printing inks used in commercial and publication markets. New prices will take effect on all heatset process inks, blends and OPVs ordered in the United States and Canada on or after June 1, 2011, subject to existing contracts.
“Since January, costs have continued to increase substantially for all the major raw materials used in heatset inks,” notes Michael Podd, business director, Heatset Inks, Flint Group. “Driving these costs are supply constraints for pigments, resins and additives. Based on our ongoing tracking of global raw material trends, we do not expect to see improvements in the near term.”
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 7,300 people. Revenues for 2010 were € 2.2 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: Flint Group.