Flint Group's Commercial Publication Web Division Implements Surcharge
Flint Group announce the application of a surcharge for all of its publication products effective for deliveries from March 1st.
Tony Lord, President of Flint Group Commercial Publication Web Division, said, "The first responsibility of a supplier is to meet its obligations to its customers for provision of required volumes to maintain the integrity of the supply chain. To meet this requirement we have been successful in responding to the post pandemic’s unprecedented disruption in both global raw material and energy markets by ensuring both product and energy availability to meet our customers’ demands. This has, however, been at previously unparalleled price levels across our entire portfolio of raw materials and manufacturing locations".
Lord further stated "Regrettably the hoped for stabilization in both raw material availability and pricing has failed to materialize so far in 2022 with products remaining scarce and their pricing continuing to escalate accordingly. This, coupled with the exponential increase in energy tariffs, has created a situation where current selling price levels for our products are simply not sustainable. To respond to this sudden rise in costs we feel the sensible approach is to avoid a general price increase and apply a monthly surcharge whilst awaiting further market developments. To this end, effective for deliveries from March 1st 2022, surcharges to recover these recent cost increases will be applied across our entire publication ink portfolio so that we can maintain supply to our customers".
Lord continued, "it is of course a matter of deep regret this surcharge is needed and we understand the difficult printing markets that currently prevail and can assure all of our valued customers that as the situation normalizes, we will seek to reflect this development by reducing or eliminating the surcharge applied.
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of Printing Impressions.