INX International Ink Announces New Price Increase
SCHAUMBURG, IL—March 14, 2011—INX International Ink has announced a price increase effective April 1, 2011. Company officials cite the unprecedented upward price pressure on raw materials, transportation costs and the continued instability in the raw material supply chain as the major contributing factors for this new price increase.
“Raw material increases are outpacing our mitigation efforts to a point that we are unable to absorb the impact of the increases anymore,” said INX President and CEO Rick Clendenning. “Some of the major increases have been with select pigments and all resins used for litho inks, solvent based inks, water based inks and coatings. We will continue our efforts to analyze our processes and implement cost savings initiatives, while bringing new innovations and technologies to our customers and the market.”
INX International Ink Co. sales representatives are available to discuss with customers any specific questions or concerns related to this announcement.
About INX International Ink Co.
INX International Ink Co. is the third largest producer of inks in North America with over 20 facilities in the U.S. and Canada, and is a global supplier as part of Sakata INX worldwide operations. For more information, visit www.INXinternational.com.
Source: company release.