Two Flint Group Ink Divisions Announce Crude Oil Surcharge
Press release from the issuing company
Plymouth, MI USA (23 June 2008) – Today, Flint Group North America Publication and News Inks Divisions announced a crude oil surcharge on all heatset, coldset and news inks, effective July 1, 2008. This surcharge is necessary to offset the impact of rapidly escalating raw material, energy and freight costs.
"The current economic situation requires that we take measured, responsible actions. The surcharges are an important part of that process," says Mike Green, vice president - general manager of both the North American Publication and News Ink business units. “We appreciate our customers’ loyalty and understanding of this situation. We will continue to provide our customers with high-quality products, delivered on time.”
This surcharge is in addition to recently announced price increases.
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