Price increases for packaging printing inks across Europe by a range of 5-8 per cent for water based and 7-12 per cent for solvent based have been announced by Flint-Schmidt/XSYS Print Solutions. They will be effective from January 1, 2006, or as contract term allows.
Doug Aldred, vp and general manager, Packaging Inks Division, explains: "The high prices of crude oil and natural gas are the key drivers for price increases in ethylene and propylene, which are the main basis for the raw materials in our products. We have so far tried to absorb these increases through intensive cost management and significant improvements in operating efficiencies. However the extent of the increases in key raw materials over the past few months has intensified, and we now find ourselves in an unsustainable position where we must pass price increases on to our customers."
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| XSYS/Flint Ink/Flint-Schmidt Tel: +49 711 9816 230 |
