Flint Group Packaging Inks announces North American price increase across product lines for flexible packaging

摘要

Flint Group Packaging Inks confirmed 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 US and Canada, and takes effect on 15 July 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. Michael Mosley, vice-president and general manager of packaging inks North America notes, "The supply situation caused by Covid-19 had a significant impact on all industries around the world-and Flint Group was not immune to its effects.