Flint Group Packaging Inks has announced a price increase on all inks and coatings with immediate effect. The company has cited the recent events in Middle East triggering an increase in oil prices and consequently in 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,” says Upal Roy, Managing Director, Flint Group India.
Effective immediately, a price increase will apply to all orders. However, the company may reconsider the price rise with necessary adjustment if oil prices drop at certain level.
Upal Roy 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,” he adds.
Flint Group develops, manufactures and markets an extensive portfolio of printing consumables and printing equipment, including:
Inks, coatings, chemicals, blankets, sleeves, plates, plate-makers, pigments and additives etc.