The company says that despite pushing productivity and cost savings initiatives, the raw material cost increases placed on the market have not been able to be absorbed and will have to be passed on.

Subsequently Flint Group Flexographic Products will increase prices for nyloflex and nyloprint printing plates in 2012.

Commenting on the decision, Thomas Zwez, vice president operations, Flint Group Flexographic Products says, “While the exaggerated cost situation is projected to stabilise at a high level for single raw material components, costs for key material to manufacture printing plates will continue to increase further while energy costs are forecasted to grow significantly in the near future.”

Zwez continues,  “This situation is compounded further with the fact that the markets are still driven by capacity shortages, which stems back to the economic crisis in 2008, and by an increased global demand, in particular from emerging countries, which have escalated the competition for limited resources.”

Also commenting, Eberhard Huter, vice president sales, Flint Group Flexographic Products says, “We have now begun the process of contacting customers directly to inform them about the respective price increases. We will continue to work with them to minimise the impact on their business and find the best solution in order to meet their needs.”

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