Flint Group Packaging Inks Europe announces a solvent surcharge across all solvent-based inks and coatings

Flint Group Packaging Inks Europe today confirms the implementation of a solvent surcharge for its solvent-based inks and coatings in Europe, effective 1st April 2020. The surcharge will be implemented as promptly as possible and will vary depending upon the specific product portfolio and commercial terms each customer has in place. The surcharge will remain active until the current raw material volatility subsides. Orders received up until 31st March 2020 will not be affected.

The progressively worsening global economic situation caused by the current coronavirus (COVID-19) pandemic is placing untenable pressure on the supply chain for packaging inks and coatings. Supply across a number of raw material categories, notably solvents, is tightening and costs are rising quickly as the market becomes more constrained. Additionally, freight constraints are resulting in higher costs across all transportation modes.

Flint Group is witnessing increasing rates of absenteeism and sickness at all sites and disruptions throughout supply chains have meant that the standardisation of production lines has become necessary; in some cases, customers may need to accept alternative products to ensure the continuity of supply.