Flint Group Packaging Inks is raising prices for all its products sold in the U.S. and Canada. The increases will take effect July 15. The move is aimed at alleviating raw material cost increases, the company says.
Supply across a number of raw material categories has tightened and costs have risen due to a more constrained market, the company said in a news release. Solvent costs, notably isopropyl alcohol, have risen to a level that mandates the company pass along a portion of the increase, says Flint. Additionally, the market has seen significant cost increases in other raw materials such as polyamides, resins and carbon black, the release said.
Flint Group local sales representatives will be in contact with all customers to discuss how this price increase will impact each business.
Headquartered in Luxembourg, Flint Group employs some 8,200 people.