Flint Group Packaging Inks Announces Price Increase
LUXEMBOURG - Flint Group Packaging Inks announced the implementation of a North American price increase for its solvent-based business to alleviate raw material cost increases. The price increase will be active for all Flint Group Packaging Inks products sold in the United States and Canada and will take effect as of July 15, 2020.
Supply across a number of raw material categories has tightened, and costs have risen due to a more constrained market. Solvent costs, notably isopropyl alcohol, have risen to a level that mandates the company pass along a portion of the increase. Additionally, the market has seen significant cost increases in other raw materials such as polyamides, resins and carbon black.