Flint Group Increases Prices

Bill Miller, president, Flint Group North America, commented that the increased global consumption of petroleum and petroleum derivatives, along with limited refinery capacity, continue to be the key drivers in the cost of raw materials. In addition, recent actions taken by the Chinese government to close chemical operations that are believed to contribute to air and water pollution and the elimination of refunds of the Chinese VAT (value added tax) are also contributing factors. Both of these actions affect raw materials, intermediates and chemicals supplied to the printing ink industry on a global basis.