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May 1, 2011 12:00 AM
With raw material costs continuing to escalate and crude oil prices climbing, ink companies have been raising prices.
Flint Group (www.flintgrp.com) recently initiated a 5% increase in its sheetfed offset ink prices. In April, Flint announced further price hikes for all packaging and narrow-web inks in North America effective May 1, 2011. Water and solvent-based products will increase 8% with the exception of white, which will increase 10%. All energy-cured products will increase 5%. As Violet 23 continues to be in short supply with rising costs, it will be addressed on a customer-by-customer basis.
“Our energy costs have been on the increase for some time now, and some of our key raw materials continue to increase beyond earlier forecasts” says Nick Brannan, vice president product management, Print Media Europe. “For example gum rosin, acrylic acids, vegetable oils and pigments have all increased recently, and the predictions are that this will continue through 2011.”
On May 1, Sun Chemical (www.sunchemical.com) Performance Pigments will raise global prices on Quinacridone and Perylene high performance pigments by up to 10% and Violet 23 pigment by $4.50/lb.
Mehran Yazdani, vice president of marketing, says, “We will continue to look for cost reduction and productivity gains to offset the rising costs of raw materials.”