Flint Group Packaging is to further increase the prices of all its ink and coating products for the flexible packaging, paper and board, and narrow web markets. Increases will vary by product and will be applied throughout the remainder of 2021.
“It is clear that inflationary pressures are having a considerable effect on our supply chains. Unrelenting competition for resources and energy in markets still reeling from the effects of the global pandemic is a catalyst for compounding price increases of a scale not previously witnessed. We continue to face relentless cost and availability headwinds, across multiple procurement categories,” said Doug Aldred, chief commercial officer, Flint Group Packaging.
The increasingly challenging array of conditions present across the ink and coating supply chains are showing no sign of abating according to Flint, which in a statement said that conditions have worsened over the summer period as the availability of key raw materials, packaging and freight has tightened, driving costs to unprecedented levels. The vast majority of the cost escalation can be seen in the raw material markets. Esters, resins (both UV and conventional), pigments, Titanium Dioxide (Ti02) and organic chemicals represent the majority of the increases.