Flint Group is introducing a global price increase for its packaging, narrow web and sheetfed customers due to highly volatile raw material markets and an uncertain macro-level landscape. The Flint Group packaging, narrow web &sheetfed division confirmed price increases of between 4% – 7%, effective April 3rd 2017.On 22nd February, Flint Group announced price increases and a variable surcharge due to the supply constraints and price inflation seen in the global Titanium Dioxide (Ti02) market. The security of supply for many ink-related raw materials has recently worsened (in addition to the Ti02 crisis), thus expediting a further general price increase announcement to cover the rising cost landscape.
Doug Aldred, president of the packaging, narrow web & sheetfed division, said, “The increases will vary by product group and our business managers will be in contact with their customers to discuss the details. Flint Group is working to mitigate the costs of these dramatic increases in raw materials being passed to our customers by investigating alternative sources of supply and committing capital to efficiency projects. However, in such volatile conditions the Group has no option but to review the sustainability of current pricing models and adjust accordingly.”
