Flint Group Packaging announces a global price increase

Ingredient prices and supply chain conditions drive up ink prices

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Flint Group ink plant Vadodara
Flint Group ink manufacturing plant in Savli, Vadodara

On 2 March 2021, Flint Group Packaging announced the intention to increase the prices of its ink and coating products, effective 1st April 2021. Flint Group has ink manufacturing plants and wide distribution in India and the region.

The company is facing an extraordinarily turbulent set of supply chain conditions, exacerbated by the global pandemic. Costs are increasing and supply is tightening across almost all procurement categories: multiple petrochemical derivatives – such as resins and solvents; pigments, and freight, are three of the most volatile areas.

Doug Aldred, president of Flint Group Packaging Inks notes, “The unusual set of supply chain conditions currently witnessed are some of the most severe I have seen. Our business is facing substantial cost and availability headwinds, across multiple raw material categories. Resins, solvents, and pigments (including Titanium Dioxide), are particularly problematic.”

Flint Group Packaging continues to collaborate with all its global supply chain partners, in order to mitigate as many negative effects as possible. However, recent upstream force majeure announcements and the acute global freight imbalance is impeding some corrective actions.

Regrettably, despite our tenacious efforts to offset cost and risk for our valued customers, the pronounced and prolonged pressure – experienced in some categories since mid-2020 – has forced us to act. Some raw materials, such as UV resins, additives and pigments, are reaching cost peaks not witnessed in the last ten years or more” said, Emmanuel Bareaud, president of Flint Group Narrow Web.

The business continues to invest in its assets, capabilities, and operating procedures to negate the adverse supply chain circumstances, wherever feasible. Nonetheless, it has become clear that these activities alone will not suffice; the company will seek to recover costs via a combination of extensive productivity optimizations, price increases, and temporary surcharges.

Flint’s press release says, your local sales representative will soon be in contact to discuss the effect of these adjustments.

Smart Packaging Solutions Virtual Congress -19 March 2021

The Smart Packaging Solutions for India and South Asia Virtual Congress on 19 March focuses on food and pharma supply chains, brand security, and sustainability. Organized jointly by IPPStar and the AIPIA, the virtual congress’s topics include brand authentication, condition monitoring, and active and intelligent packaging that contributes to the safe delivery of authenticated products leading to safety, security, and customer engagement. Please look at the agenda of the conference here, and for registration, please click here. You can also email Ruchi at conference@ippgroup.in or Umesh at subscription@ippgroup.in. Call us in Noida at 120-4546988 or 4326053 – Umesh at Xtension 30; Ruchi at Xtension 33; Gaurav at Xtension 23; and Mohit at Xtension 25.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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