More ink price rises on the way

By Richard Stuart-Turner, Thursday 08 February 2018

Be the first to comment

Flint Group and Sun Chemical are both set to increase prices of various inks and coatings, effective from 1 March.

inks

Rising costs of raw materials used for ink making "unprecedented"

Flint Group’s CPS Inks division will implement a global price increase of up to 9% on offset and publication gravure inks, coatings and pressroom consumables while Sun Chemical will increase prices on all offset inks and coatings for its customers across all regions.

Flint Group said larger price increases will be required on some specialty products, such as silicones and high-performance coatings.

The company said raw material trends worldwide have led to decreased availability, and therefore increased costs, of many materials used to manufacture CPS Inks’ finished products.

This is being driven by raw material suppliers needing to adhere to stricter environmental standards as well as some suppliers consolidating and focusing on more attractive industries.

Flint Group CPS Inks chief operating officer Bill Miller said: “These factors have affected material availability and cost. This has adversely impacted the cost of manufacturing most of our key product lines to a degree that we can no longer absorb.

“This situation is very unfortunate, but needed in the current raw material climate of higher costs and reduced availability.”

Sun Chemical said its percentage increase will be in the high single digits and will vary dependent on the product composition and product line.

“The high levels of raw material costs are unprecedented and as a result make it necessary for us to keep our ink prices under review,” said Sun Chemical chief marketing officer Felipe Mellado.

“We work proactively with our supply chain partners to manage and minimise costs, but due to the economic reality, cost pressures have been constant and significant price increases are being passed on to the inks industry. To ensure we maintain high levels of product quality and service, it has become necessary to increase customer prices.”

Both companies, which also increased prices for their packaging inks and coatings last month, said they would be in direct contact with their customers to provide more detail.

Earlier this week Sun Chemical announced that it has upped its presence in the premium security inks market by acquiring specialist UK manufacturer Luminescence.

Share this

Related headlines

Packaging ink prices up for new year
07 December 2017

Flint Group and Sun Chemical have separately announced price rises for packaging inks and coatings, effective...

Flint Group raises ink prices amid rising raw material costs
16 March 2017

Flint Group has announced price increases of between 4% and 7% for all its packaging, narrow web and...

Ink prices set to rise, warns Flint Group
26 September 2013

Rapidly rising prices for raw materials are to push up printers costs for products such as inks, consumables...

Flint increases heatset, coldset and publication gravure ink prices
15 November 2010

Flint Group has announced price increases in heatset, coldest and publication gravure inks as of 1 January...

Sun Chemical hikes ink prices by up to a fifth
14 July 2008

Sun Chemical is raising its publication market prices by between 10 and 20% to reflect global rises in...

Article Tags

This Issue

Latest comments