Flint Ink North America Announces Price Increases And Freight Surcharges On All Product Lines
Press release from the issuing company
ANN ARBOR, MI – September 21, 2005 – To offset the continuing escalation of raw materials, energy, and freight costs, Flint Ink North America has announced the following price increases and freight surcharges, effective October 1, 2005.
Product Price Increase Surcharge per pound
Heatset Web Offset inks 12% Two cents
Publication Gravure inks 12% Two cents
Packaging inks – Solvent 10% Four cents
Packaging inks – Water 6% Four cents
Energy Curable inks 10% Four cents
Commercial and Packaging Sheetfed inks 10% Four cents
Coldset News/Directory Black inks 12 cents/lb
"We have been taking extraordinary measures to ensure a consistent supply of high-quality products to our customers," says Bill Miller, president of Flint Ink North America. "But our industry and its suppliers have been caught at the center of global shortages and rising demands for crude oil, natural gas and their by-products, as well as many other raw materials that are key to the manufacture of printing inks. We are also feeling the impact of Hurricane Katrina and the devastation it has caused our country's infrastructure and supply lines. Unfortunately, I think we will be living with the effects of both of these issues for a long time to come."
Miller notes that Flint Ink representatives will be contacting all customers in the coming weeks to explain the severity of the situation and to work with them to ensure the most efficient means of delivering products.
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