Flint CPS Inks expects price increases for 2020

Flint CPS Inks plans to implement selective price increases for 2020, the company said. The company cites challenges in the area of raw material shortages, worsening supply chain conditions and raw material cost increases as reasons behind the increases.

India and China are adopting stricter environmental regulations on pigments and base chemicals manufacturing, which is leading to factory closures, reducing quantities available and increasing costs, the company says.

In addition, although the price of oil is comparatively stable, refining capability for the solvents Flint CPS uses is more restricted, leading to upward cost pressure, according to Flint CPS Inks.

Transport costs are also rising, partially reflecting problems in obtaining drivers but also through truck use challenges due to lower customer transit volumes, the company says.

Flint Group develops, manufactures and markets a range of printing consumables and printing equipment, including conventional and energy curable inks and coatings for most offset, flexographic and gravure applications, pressroom chemicals and plate-making equipment.

Headquartered in Luxembourg, Flint Group employs some 7,500 people.

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