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Business

Flint confirms North America price hikes

The Flint Group Packaging Inks division of Flint Group has moved to increase prices across all of its product lines in North America in order to alleviate raw material and freight cost increases.

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The price rise came into effect in the middle of November

The price increase came into effect last month and applies to all products from Flint Group Packaging Inks sold in the US and Canada.

Flint cited new trade tariffs imposed by the US government as among the main reasons for the move, explaining that these will soon rise from 10 percent to 25 percent.

Doug Aldred, president of packaging inks and resins for the company, says: “As stated in December 2017, we continue to deploy significant capital to efficiency projects in order to mitigate as many headwinds as possible; however, the combined impact of the tariffs, raw material and freight inflation has become untenable.

“We will continue to drive all cost mitigation initiatives with rigor and tenacity, protecting our valued customers from further increases as much as feasibly possible.”

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