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Flint Group News Ink Division Announces National Price Increases

Monday, September 18, 2006

Press release from the issuing company

Ann Arbor, Michigan (September 15, 2006) - Today, Flint Group News Ink Division announced national price increases for coldset and news offset ink products, effective October 1, 2006. The price increases include black and color inks and vary depending on product type. "Since October 2005, our news ink operations have received over 80 raw material price increases from our supply base of approximately 30 key suppliers. Global demand for chemical raw materials in developing regions of the world has significantly tightened supply of basic chemicals used by the newspaper printing ink industry, including Flint Group. We are now competing for supply from historic raw material sources that in many cases, now have greater value in other developing global markets and industries. Our ink price increases are necessary to offset the continuing escalation of raw materials, energy, and freight costs," says Mike Green, vice president - general manager of Flint Group North America News Ink Division. Green adds that Flint Group remains committed to delivering the highest level of quality products and services to meet the needs of newspaper and coldset printers.




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