Flint Group’s Trade Publishing Web Division Plans Surcharge – Covering Printing Inks, Coatings and Allied Industries
“A supplier’s primary responsibility is to meet its obligations to its customers to deliver the volumes required to maintain the integrity of the supply chain,” said Tony Lord, president of Publications Web Division. Flint Group business. “To meet this requirement, we have successfully responded to the unprecedented post-pandemic disruption in global commodity and energy markets by ensuring both product and energy availability for meet the demands of our customers. This, however, occurred at unprecedented price levels across our portfolio of raw materials and manufacturing sites.
“Unfortunately, the hoped-for stabilization in commodity availability and prices has not materialized so far in 2022, with commodities remaining in short supply and their prices continuing to rise accordingly,” Lord added. “This, coupled with the exponential increase in energy tariffs, has created a situation where current levels of selling prices for our products are simply not sustainable.
“To respond to this sudden increase in costs, we believe the sensible approach is to avoid a general price increase and apply a monthly surcharge pending market developments. To that end, effective with deliveries from March 1, 2022, surcharges to recover these recent cost increases will be applied to our entire portfolio of publishing inks so that we can maintain supply to our customers.
“It is of course a matter of deep regret that this supplement is necessary and we understand the difficult print markets currently prevailing and can assure all of our valued customers that as the situation normalizes we will seek to reflect this development by reducing or eliminating the applied surcharge,” concluded Lord.