Flint to increase packaging inks and coatings prices in North America

Effective November 15, 2018, the price increase will be active for all Flint Group Packaging Inks products sold in the US and Canada. Local sales representative will shortly be in touch with customers to discuss a tariff surcharge and price increase for the affected products.

The supplier identified a ’progressively challenging trading environment’ as forcing it to look carefully at its cost base, ensuring the sustainability of supply for all our valued customers.

Recent trade tariffs imposed by the US Government are soon to rise from 10 percent to 25 percent, a cost Flint Group noted it cannot bear alone. Additionally, the market has seen significant cost increases in raw materials and freight across the North American region, which place further pressure on Flint Group’s cost base.

Doug Aldred,  president, packaging inks and resins, said: ‘As stated in December 2017, we continue to deploy significant capital to efficiency projects in order to mitigate as many headwinds as possible; however, the combined impact of the tariffs, raw material and freight inflation has become untenable. We will continue to drive all cost mitigation initiatives with rigor and tenacity, protecting our valued customers from further increases as much as feasibly possible.’

A similar price increase was recently announced by Flint Group in India, while paper supplies are also having to share the burden of rising costs. Zanders, for instance, confirmed a price increase earlier this week.