Flint Group Packaging Inks announces an price increase on all inks and coatings with immediate effect
Lampadura, India, January 2020: Recent events in Middle East have triggered an increase in oil prices which presents a cascading effect on the price of solvent raw materials used in the manufacture of inks and coatings. The instability and current increases necessitate that Flint Group Packaging Inks in India initiate a price increase with immediate effect.
Effective immediately, a price increase will apply to all orders as long as oil prices remain well above reasonable and standard levels. When and if prices begin to drop, Flint Group will reconsider the price increase and adjust as needed.
Upal Roy, Managing Director, Flint Group India, explains, “We understand that price increases have become an almost ‘routine’ matter. However, we hope that our customers will understand and appreciate that we have no choice but to pass along the increase and that Flint Group cannot continue to absorb the entirety of these rising costs.
“Despite today’s announcement, we are resolutely committed to efficiency projects that will continue to remove cost and complexity in our own operations. We also remain dedicated to helping our customers to improve their own efficiencies and to support process optimisation within their press rooms.
“Ultimately, product quality and consistency remains a key focus; our customers can always rely on us for best in class products and services at the most economic price possible.”
Contact your Flint Group representative to discuss oil and, consequentially, the major solvents used in the manufacture of our products.
For more information on this press release, contact Deanna Klemesrud – Deanna.klemesrud@flintgrp.com
Flint Group
Flint Group is dedicated to serving the global printing and packaging industry. The company develops, manufactures and markets an extensive portfolio of printing consumables and printing equipment, including: a vast range of conventional and energy curable inks and coatings for most offset, flexographic and gravure applications; pressroom chemicals, printing blankets and sleeves for offset printing; photopolymer printing plates and sleeves, plate-making equipment and flexographic sleeve systems; pigments and additives for use in inks and other colourant applications; Flint Group also designs, develops and delivers web-fed digital colour presses for labels and packaging applications, document printing, as well as commercial printing as well as platemaking equipment for the newspaper industry and computer-to-plate (CtP) solutions for the commercial printing market; With a strong customer focus, unmatched service and support, and superior products, Flint Group strives to provide exceptional value, consistent quality and continuous innovation to customers around the world. Headquartered in Luxembourg, Flint Group employs more than 7000 people. Revenues for 2018 were € 2.1 billion. On a worldwide basis, the company is the number one or number two supplier in every major market segment it serves. For more information, please visit www.flintgrp.com.
Source: Flint Group
