Flint Group Packaging will increase the prices of its ink and coating products, effective April 1, 2021.
According to Flint, the company is facing an extraordinarily turbulent set of supply chain conditions, exacerbated by the global pandemic. Costs are increasing and supply is tightening across almost all procurement categories; multiple petrochemical derivatives – such as resins and solvents; pigments, and freight, are three of the most volatile areas.
Doug Aldred, president of Flint Group Packaging Inks commented, ‘The unusual set of supply chain conditions currently witnessed are some of the most severe I have seen. Our business is facing substantial cost and availability headwinds, across multiple raw material categories. Resins, solvents and pigments (including Titanium Dioxide), are particularly problematic.’