Sun Chemical and Flint Group have declared an increase in prices of various inks and coatings, effective from 1st of  March 2018.
Flint Group’s CPS Inks division will implement a global price increase of up to 9% on offset and publication gravure inks, coatings and pressroom consumables while Sun Chemical will increase prices on all offset inks and coatings for its customers across all regions.
Flint Group said larger price increases will be required on some specialty products, such as silicones and high-performance coatings. The company said raw material trends worldwide have led to decreased availability, and therefore increased costs, of many materials used to manufacture CPS Inks’ finished products.
This is being driven by raw material suppliers needing to adhere to stricter environmental standards as well as some suppliers consolidating and focusing on more attractive industries.
Flint Group CPS Inks chief operating officer Bill Miller said, “These factors have affected material availability and cost. This has adversely impacted the cost of manufacturing most of our key product lines to a degree that we can no longer absorb.
Sun Chemical said its percentage increase will be in the high single digits and will vary dependent on the product composition and product line.
“The high levels of raw material costs are unprecedented and as a result make it necessary for us to keep our ink prices under review,” said Sun Chemical chief marketing officer Felipe Mellado.