Flint Group Announces Further Price Increase for Plates

“While the exaggerated cost situation is projected to stabilize at a high level for single raw material components, costs for key material to manufacture printing plates will continue to increase further while energy costs are forecasted to grow significantly in the near future,” comments Thomas Zwez, Vice President Operations, Flint Group Flexographic Products. “This situation is compounded further with the fact that the markets are still driven by capacity shortages, which stems back to the economic crisis in 2008, and by an increased global demand, in particular from emerging countries, which have escalated the competition for limited resources.”