Flint Group To Increase Prices of Offset and Publication Gravure Inks, Coatings and Pressroom Consumables
Plymouth, MI, January 30, 2018 – Flint Group’s CPS Inks division announced today that they
will implement a global price increase of up to 9% on offset and publication gravure inks,
coatings and pressroom consumables effective March 1, 2018. Larger price increases will be
required on some specialty products such as silicones and high-performance coatings.
According to the company, raw material trends worldwide have led to decreased availabilty, 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.
“Combined,” says Bill Miller, COO of Flint Group CPS Inks, “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 can we can no longer absorb. CPS Inks will be in direct contact
with our customers to provide more detail. This situation is very unfortunate, but needed in the
current raw material climate of higher costs and reduced availability.”