INX International to Raise Prices April 1
SCHAUMBURG, IL—INX International Ink has announced a price increase effective April 1. Company officials cite the upward price pressure on raw materials, transportation costs and the continued instability in the raw material supply chain as the major contributing factors for the 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.”
According to INX International Ink, its sales representatives are available to discuss with customers any specific questions or concerns related to this announcement.