INX International Ink Co. announced a price increase effective September 1, 2010. Company President Rick Clendenning states the economic downturn in 2008 caused many of the printing ink industry’s raw material suppliers to reduce operating capacity.
Several suppliers permanently shut down manufacturing plants. Over the past 12 months demands have increased and raw material suppliers are still not positioned to adequately supply and service this increase in demands.
INX will strategically address the impact of the raw materials as related to specific inks and markets rather than generically mandated increases across all product lines and market segments:
- Solvent-based white inks and water-based white inks will increase in price from 4-6 percent.
- Inks containing Violet 23 (purple) and water coatings will each increase 8 percent.
- Water-based inks, bases, clears and blends will rise 2-4 percent, and
- UV inks and coatings will be increased 8-10 percent.
Also facing continued increases in the costs of raw materials and the impact of recent events in the global supply chain, Sun Chemical will raise prices in the United States as well:
- 4 percent for packaging solvent-based inks,
- 8 percent for packaging water-based inks,
- 6 percent for UV flexo inks, and
- 14 percent for commercial and packaging energy curable (EC) paste inks and EC coatings, effective September 15, 2010.
