Flint CPS Inks plans price increases for 2020

Worldwide UK-based ink supplier Flint CPS Inks plans to implement selective price increases “to assure sufficient coverage of raw material cost increases needed, to ensure availability of raw materials that are essential for manufacturing high quality products.” The company added that raw material availability and the cost of raw materials for oil-based products such as inks, is likely to continue to be an issue as the supplier base narrows and refocuses capacity and investments to other industry segments. “Over recent months, the ink industry is facing numerous challenges in the area of raw material shortages, worsening supply chain conditions and raw-material cost increases.”

Michael Podd.

In addition, source countries such as India and China are adopting stricter environmental regulations on pigments and base-chemicals manufacturing – which in turn is leading to factory closures that reduce quantities available and therefore increase costs. “Although the price of oil is comparatively stable, refining capability for the solvents we use is more restricted, leading to upward cost pressure,” Flint added. “Transport costs are also rising, partially reflecting problems in obtaining drivers, but also through truck utilization challenges due to lower customer transit volumes.” Michael Podd, Chief Procurement Officer of Flint CPS Inks, added: “Flint CPS Inks continues to manage the increasingly uncertain raw material situation through our established contracted priority supply of key raw materials. We also decrease our expenses annually through labour-cost leadership, but in some fields it’s impossible to completely mitigate these cost hikes, especially in a market that’s seeing reduced demand.”

Steve Dryden.

“Flint CPS Inks will work closely with our customers to manage through this price increase,” said Steve Dryden, CEO of Flint CPS Inks. “They can be assured that they’ll continue to benefit from our preferred status with suppliers, which makes Flint CPS Inks best positioned to meet customer needs without sacrificing quality.”

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Tony Curcio is the editor of Graphic Arts Magazine.