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Aug 12, 2010 12:00 AM
Schaumburg, IL-based INX Intl. Ink Co. has announced a price increase effective September 1, 2010. “Ongoing raw material supply shortages are continuing to have a serious effect on printing ink production,” according to the company.
Effective Sept. 1, solvent-based and water-based white ink prices will increase 4-6%. Inks containing Violet 23 (purple) and water coatings will each increase 8%. Water-based inks, bases, clears and blends will rise 2-4%, and UV ink and coating prices will increase 8-10%.
INX International Ink Co. will strategically address the impact of the above mentioned raw materials as related to specific inks and markets rather than generically mandated increases across all product lines and market segments. INX sales representatives are available to discuss with customers any specific questions or concerns related to this announcement.
INX 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. “These ongoing raw material supply shortages and cost increases are continuing to have a serious impact on printing ink costs, supply and production. Key materials such as Titanium Dioxide, Violet 23, UV Monomers and Acrylic Acids (Acrylic Resins) have increased in cost and many are now on restricted supply,” Clendenning says. “We understand and respect the fact that all markets are still recovering from the 2008 economic downturn, and we will continue to do everything possible to mitigate printing ink price increases in all markets.”