Flint: Ink prices to rise Oct. 1
From editorandpublisher.com: Blaming raw materials costs, Flint Group said it is increasing the price of its news offset and coldset inks on Oct. 1.
“Since October 2005, our news ink operations have received over 80 raw material price increases from our supply base of approximately 30 key suppliers,” said Mike Green, vice president and general manager of Flint Group North America News Ink Division.
Green said global demand for chemical raw materials in developing nations “has significantly tightened supply of basic chemicals used by the newspaper printing ink industry.”
“We are now competing for supply from historic raw material sources that, in many cases, now have greater value in other developing global markets and industries,” Green said in a statement.
Flint also blamed the price increases on continuing escalation of energy and freight costs.