Flint Group Sets Price Increase on Heatset, Directory Inks
PLYMOUTH, MI—June 11, 2010—Ongoing raw material trends, including supply shortages, have pushed up the price of pigments, resins and other intermediates used in the manufacture of heatset and directory inks in North America. As a result, Flint Group has announced price increases on those products sold in the United States and Canada.
Prices will increase by 6% on inks and overprint varnishes, effective July 1, 2010, subject to existing contracts.
“Flint Group works very hard to shield customers from the impact of raw material trends,” notes Michael Podd, Business Director of Heatset Inks North America, “but the recent level of activity makes it impossible for us to absorb the effects completely.”
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 (US $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.