Flint Group Flexographic Products announces price increases for printing plates
Price increases for nyloflex ® and nyloprint ® printing plates as a result of the global raw material situation
The printing and packaging industry has had to withstand significant and constant pressure since the economic collapse at the end of 2008. De-stocking of raw materials to this industry has resulted in unprecedented raw material prices, while the price of energy continues to rise towards the record levels. Additionally the chemical industry has consolidated heavily in the last few years, limiting the available global capacities. Serious shortages and unrelenting cost increases are still evolving along with an increasing demand.
These ongoing pressures are now beginning to severely impact on many of the raw materials used in the manufacture of Flint Group’s plate manifold components. As a consequence of this, Flint Group Flexographic Products has now began the process of imposing price increases on average by 5% for nyloflex® printing plates and by 10% for nyloprint® printing plates, depending on the product type - with immediate effect.
“We are aware that the printing industry is being exposed to a high cost pressure” explains Mario Busshoff, President Flint Group Flexographic Products, “and have been working hard to mitigate price increases through various cost containment initiatives, but now we have reached a point where we can no longer absorb the increases and need to adapt the prices for our printing plates.” Mr. Busshoff concludes: “We will however continue to challenge our own processes and suppliers to keep the price adjustments as low as possible.”
For more information about Flint Group please visit www.flintgrp.com or contact info.flexo@flintgrp.com .
Flint Group
Flint Group is dedicated to serving the global printing and packaging industry. The company develops, manufactures and markets an extensive portfolio of printing consumables, including: a vast range of conventional and energy curable inks and coatings for most offset, flexographic and gravure applications; pressroom chemicals, printing blankets and sleeves for offset printing; photopolymer printing plates and sleeves, plate-making equipment and flexographic sleeve systems; pigments and additives for use in inks and other colourant applications. With a strong customer focus, unmatched service and support, and superior products, Flint Group strives to provide exceptional value, consistent quality and continuous innovation to customers around the world. Headquartered in Luxembourg, Flint Group employs some 7300 people. Revenues for 2009 were € 2.1 billion (US $2.9 billion). On a worldwide basis, the company is the number one or number two supplier in every major market segment it serves. For more information, please visit www.flintgrp.com