Flint Group Packaging Inks announces price increase in India & South Africa

Costs are increasing and supply is tightening

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The 2022 edition of the expo will be held in Mumbai

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

Upal Roy, managing director, Flint Group India and South Africa, notes, “The current and unusual set of supply chain conditions are some of the most severe that we have witnessed. Our industry is facing substantial cost and availability headwinds, across multiple raw material categories. Resins, solvents and pigments (including Titanium Dioxide), are particularly problematic, as well as freight and packaging costs”.

Flint Group collaboration with global supply chain

Flint Group India and South Africa continue to collaborate with its global supply chain partners to mitigate as many negative effects as possible. However, recent force majeure announcements and the global freight imbalance is impeding some corrective actions and the current situation is not sustainable in the long term.

Roy concludes, “Despite today’s announcement, we are resolutely committed to efficiency projects to negate the adverse supply chain circumstances, wherever feasible. Nonetheless, the magnitude of these increases makes it clear that these activities alone will not suffice.”

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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