Flint Announces Price Increases in Inks, Coatings
PLYMOUTH, Mich.—Flint Group North America has announced a six percent price increases on all energy curable inks and coatings for sheetfed, liquid packaging, and web offset applications, effective immediately.
Raw material costs and supply shortages are the main drivers of the price increase. The printing industry and its suppliers continue to fight the trend of increasing raw material costs, as well as the threat of global shortages of certain base materials that are integral to the manufacture of printing consumables.
“We’re seeing price increases in nearly all raw material sectors and in all major geographies serving graphic arts chemicals and consumables manufacturers,” explains Diane Parisi, vice president, supply chain. “The result is significant.”
“In the area of raw materials capacity,” continues Parisi, “one particularly troubling trend is with acrylic acid. Our suppliers require acrylic acid to make the acrylated materials that are used in Flint Group’s energy curable inks and coatings.” One major North American supplier of acrylic acid has significantly reduced capacity, while another experienced a fire which has caused it to cease production. The result is severe shortages with no immediate relief for consumables manufacturers.
“Our research and forecasts are quite telling,” says Parisi. “We don’t see any signs of improved raw material costs or supply in the near term.”
Michael Podd, business director of Sheetfed Inks, notes that Flint Group’s global procurement group has minimized the impact on customers as much as possible. “Unfortunately,” he adds, “the extent of these energy curable cost increases can not be fully mitigated by supply chain, manufacturing, and formulation initiatives.”
Customers will be notified directly by Flint Group’s sales organization to discuss the impact on the particular products they purchase. Flint Group will honor their contractual obligations in implementing the increases.