Flint Group Packaging Inks has raised prices for all products in its flexible packaging line across North America.
The move will be active for all Flint Group Packaging Inks products sold in the United States of America and Canada from 15 July. It is designed to alleviate the increases in costs of raw materials such as isopropyl alcohol, that have risen in recent weeks. The market has also seen significant cost increases in other raw materials such as polyamides, resins and carbon black.
‘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,’ said Michael Mosley, vice president and general manager of Packaging Inks North America. ‘Already rising costs, in addition to material constraints caused by the virus, have resulted in cost increases that we simply cannot bear alone.
‘We are pleased to have delivered consistent output despite major supply chain challenges resulting from the pandemic. Post pandemic, our focus remains pinned on supplying printers with the high quality materials needed to continue their essential package printing operations along with the technical support required to keep their operations running.
‘As always, our teams will continue to mitigate, as much as possible, cost increases either through our own negotiations or continuous improvement projects.’
The move follows Flint Group Packaging Inks Europe implementing a solvent surcharge for solvent-based inks and coatings in Europe on 1 April.
