Flint Group Packaging will increase the prices of all its packaging products sold by the Flexible Packaging, Paperboard, and Narrow Web businesses.
Further to multiple announcements advising of the worsening market conditions throughout 2021, the group has continued to weather unprecedented increases in raw material, packaging, energy, and freight costs. Escalating costs continue to be seen across all the above categories with no sign of relief in the foreseeable future.
Doug Aldred, chief commercial officer, Flint Group Packaging, said, “The security of supply is our number one priority. Due to our extensive global network and efficiency programs, we can mitigate a significant portion of cost and supply risk. However, we continue to witness tightening supply and exponential cost increases. Despite implementing an extensive range of efficiency programs to mitigate these conditions, we are reluctantly compelled to raise prices.”