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10 March 2021
Flint Prices Increase After Sun Chemicals Increases
MONTREAL—
Flint Group Packaging announces the intention to increase the prices of its ink and coating products, effective 1st April 2021. The company is facing an extraordinarily turbulent set of supply chain conditions, exacerbated by the global pandemic. Costs are increasing and supply is tightening across almost all procurement categories: multiple petrochemical derivatives – such as resins & solvents; pigments, and freight, are three of the most volatile areas.
“Regrettably, despite our tenacious efforts to offset cost and risk for our valued customers, the pronounced and prolonged pressure – experienced in some categories since mid-2020 – has forced us to act. Some raw materials, such as UV resins, additives and pigments, are reaching cost peaks not witnessed in the last ten years or more” said, Emmanuel Bareaud, President of Flint Group Narrow Web. Sun Chemical announced a increase prices on average by 10 percent across its entire portfolio of sheetfed products last week. .
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