Flint to increase prices at flexible packaging arm

Richard Stuart-Turner
Tuesday, May 24, 2022

Flint Group Flexible Packaging Europe is set to increase prices effective from June 2022.

Specifics regarding the price increases were not disclosed
Specifics regarding the price increases were not disclosed

The company said in a statement released yesterday (23 May) that escalating costs continue to be seen across a number of raw material categories with no sign of improvement, with binders, additives, pigments, solvents, and other materials all continuing to rise in cost.

It said inflation is now worsening across multiple spend categories “and an already problematic supply chain climate continues to experience significant disruption”.

Specifics regarding the price increases were not disclosed.

Jesper Bødtkjer, vice president and general manager at Flint Group Flexible Packaging Europe, said: “The emphasis we place on supply reliability has a significant financial implication on our business. Throughout these unparalleled times, we have sought to take a phased, incremental approach to pricing adjustments.

“However, the expected softening of raw material prices has not occurred, costs continue to rise aggressively and therefore we are forced to raise prices.”

The company added it would continue to prioritise product quality, service, and the security of supply to its customers.

Printweek welcomes informed debate, but all comments must comply with our house rules which can be read here: A-Z of using the Printweek forums

LATEST COMMENTS ON PRINTWEEK

© MA Business Limited 2023. Published by MA Business Limited, St Jude's Church, Dulwich Road, London, SE24 0PB, a company registered in England and Wales no. 06779864. MA Business is part of the Mark Allen Group .