Flint Group Flexible Packaging Europe to Increase Prices
Escalating costs continue to be seen across a number of raw material categories with no sign of improvement – binders, additives, pigments, solvents, and other materials continue to rise in cost. Inflation is now worsening across multiple spend categories and an already problematic supply chain climate continues to experience significant disruption.
Jesper Bødtkjer, VP and GM – Flint Group Flexible Packaging Europe, reflected, “The emphasis we place on supply reliability has a significant financial implication on our business. Throughout these unparalleled times, we have sought to take a phased, incremental approach to pricing adjustments. However, the expected softening of raw material prices has not occurred, costs continue to rise aggressively, and therefore we are forced to raise prices.”
The company will continue to prioritize product quality, service, and the security of supply to all its valued customers.
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