Flint North America inks announced that the price of packaging inks will increase, and there will be an increase of 5 to 7% depending on the type of ink. The increase took effect on December 1, 2004 to accommodate transportation costs, energy and raw materials, which are integral parts of printing inks.
Sean Mikaelian, general manager and vice president of North American Flint Ink Packaging Division, said: “Flint Ink North America has enhanced its purchasing power, vertical integration, and company productivity improvement program, all to defend our customers from price increases. However, raw material prices have continued to soar and prices have become extremely necessary," said Alien. "We will try our best to minimize price increases and continue to explore ways to reduce costs based on quality assurance." Mikaelian mentions The supply of raw materials is very limited, and there are more and more disputes in the world, which worsens the problem. “The shortage of raw material supply and the consequent allocation are the main reasons for the difficult decision to raise prices. We will make 100 points of effort to minimize the impact of the increase on customers.â€
From January onwards, the raw material costs for inventory will vary from 9% (ethylene) to 190% (benzene). The cost of crude oil will increase by 65% ​​and natural gas will rise by 67%.
Sean Mikaelian, general manager and vice president of North American Flint Ink Packaging Division, said: “Flint Ink North America has enhanced its purchasing power, vertical integration, and company productivity improvement program, all to defend our customers from price increases. However, raw material prices have continued to soar and prices have become extremely necessary," said Alien. "We will try our best to minimize price increases and continue to explore ways to reduce costs based on quality assurance." Mikaelian mentions The supply of raw materials is very limited, and there are more and more disputes in the world, which worsens the problem. “The shortage of raw material supply and the consequent allocation are the main reasons for the difficult decision to raise prices. We will make 100 points of effort to minimize the impact of the increase on customers.â€
From January onwards, the raw material costs for inventory will vary from 9% (ethylene) to 190% (benzene). The cost of crude oil will increase by 65% ​​and natural gas will rise by 67%.
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