INX International increases solvent prices
INX International Ink has increased the price of all solvent inks and coatings for its North America customers, effective September 1. The company’s management made this decision despite efforts to absorb costs. The expense to manufacture solvents, especially alcohols used in the production of critical sanitizers and medical initiatives to fight the virus, has risen sharply this year. ‘We regret needing to take this action, but it is something that is beyond our control,’ said Ron Deegan, INX International’s senior vice president of sales for North America. ‘We have worked very hard to secure our supply of solvents, even as the increased demand has put unprecedented pressure on the global solvent supply.