Flint Announces Price Increases on Some Pressroom Products
PLYMOUTH, MI—May 3, 21010—Flint Group has announced price increases on a number of pressroom chemistry products sold in the Americas. Increases range from 5-12%, depending on product line, and take effect for products shipped on or after June 1, 2010. Products include: alcohol substitutes, sheetfed fountain solutions, conventional and UV press wash, metering roller cleaner, film cleaners and deglazers/rejuvenators.
“A number of factors have significantly increased our raw material costs,” says Kevin Fennewald, Business Director, Pressroom Chemicals. “During the recent recession, major chemical manufacturers removed excess capacity. Now, with demand increasing, raw material costs are rising and supply is scarce.
“The rising cost of crude is also a key contributing factor,” continues Mr. Fennewald. “Other substantial cost increases have come from container and freight suppliers. All of these factors have affected Flint Group’s cost to manufacture and distribute pressroom chemistry products.”
Flint Group’s staff has worked hard to assure product supply and minimize the impact on customers, but the combination of economic and market factors has led to cost increases beyond what Flint Group is able to absorb.
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, platemaking 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 2008 were € 2.4 billion (US $3.5 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.