Printer Friendly

Flint group to raise prices for inks across Europe.

As a consequence of continuously rising raw material prices, Flint Group is raising prices for printing inks in all market segments in Europe with immediate effect. All existing customer supply contracts will be honored.

Global demand for chemicals and associated derivatives has continued to escalate. As a result, prices for a wide range of raw materials for the production of inks have reached record levels. Most recently, China, one of the world most important producers of pigments and precursors for pigments, announced the discontinuation of VAT refunds for export material effective from July 1, 2007. This alone has caused double-digit price increases for pigments, pigment precursors and many other key raw materials.

"Currently, our industry is experiencing extremely tight global supply of chemical feedstocks and continually rising raw material costs," said Dr. Dirk Aulbert, president, Flint Group Europe. "We remain committed to meeting our customer needs for consistent, high-quality products with reliable supply. But absorbing even higher costs in this environment is simply not an option. These conditions have forced us to raise our ink prices."

COPYRIGHT 2007 Rodman Publishing
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:fresh INK
Publication:Ink World
Date:Oct 1, 2007
Previous Article:Sun Chemical increases North American prices of commercial, publication inks.
Next Article:X-Rite to acquire Pantone, Inc.

Related Articles
Flint Ink Completes Purchase of Alper Group.
Looking Forward to Challenges.
Flint-Schmidt/XSYS Print Solutions raises prices on inks.
Rising ink prices are good news for the printing ink industry.
Flint Group to raise prices on packaging, commercial inks in North America.
The publication ink market: publication printers and ink manufacturers face a wide variety of challenges, including a changing marketplace, higher...
Flint Group raises printing ink prices.
The year in review: for most ink manufacturers, 2007 was a good year, although there remains much uncertainty regarding raw material costs and...
Flint Group North America announces price increases and surcharges.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters