Flint Group increases the price of all packaging inks and coatings in India

Recent events in the Middle East have triggered an increase in oil prices which presents a cascading effect on the price of solvent raw materials used in the manufacture of inks and coatings. The instability and current increases necessitate that Flint Group Packaging Inks in India initiate a price increase with immediate effect. According to the press statement, effective immediately, a price increase will apply to all orders as long as oil prices remain well above reasonable and standard levels. When and if prices begin to drop, Flint Group will reconsider the price increase and adjust as needed. Upal Roy, managing director, Flint Group India, explains, “We understand that price increases have become an almost ‘routine’ matter. However, we hope that our customers will understand and appreciate that we have no choice but to pass along the increase and that Flint Group cannot continue to absorb the entirety of these rising costs.” “Despite today’s announcement, we are resolutely committed to efficiency projects that will continue to remove cost and complexity in our own operations. We…

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