Two Flint Group Ink Divisions Announce Crude Oil Surcharge
PLYMOUTH, MI—June, 23 2008—Today, Flint Group North America Publication and News Inks Divisions announced a crude oil surcharge on all heatset, coldset and news inks, effective July 1, 2008. This surcharge is necessary to offset the impact of rapidly escalating raw material, energy and freight costs.
“The current economic situation requires that we take measured, responsible actions. The surcharges are an important part of that process,” says Mike Green, vice president - general manager of both the North American Publication and News Ink business units. “We appreciate our customers’ loyalty and understanding of this situation. We will continue to provide our customers with high-quality products, delivered on time.”
This surcharge is in addition to recently announced price increases.
Flint Group is dedicated to serving the global printing and packaging industry with five specialized business units: Flint Group’s ink companies develop and market a wide range of conventional and UV printing inks on a global basis, with regional operations providing local service throughout the world. Flint Group Flexographic Products specializes in photopolymer printing plates, flexographic sleeve systems as well as washout solvents and platemaking equipment. Flint Group Narrow Web is dedicated to the narrow web ink market, including labels, product decoration and package printing. Flint Group Pigments produces a range of pigment products and additives for use in inks and other colorant applications. Day International develops and distributes offset printing blankets and sleeves, pressroom chemicals and diecutting supplies. Headquartered in Luxembourg, Flint Group operates more than 170 facilities worldwide and employs some 8300 people. Revenues for 2007 are € 2.3 billion ($US 3.1 billion), positioning the company as the number one or number two supplier in every major region it serves. For more information, please visit www.flintgrp.com