Flint Group Flexible Packaging Europe will increase prices effective from June 2022

As indicated, net sales and the net result in the first quarter of the year under review have improved over the same quarter of the previous year. For example, sales rose compared to the previous year, reaching €495 million (same quarter of previous year: €486 million). This was attributable primarily to Western Europe and China. As anticipated, at €629 million, incoming orders were below those of the same quarter of the previous year (€804 million), which saw a particularly high level of incoming orders from the drupa trade show. The order backlog increased by over 20 percent from €497 million at the end of the financial year to €603 million as at June 30, 2017. Profitability, as expressed in EBITDA and EBIT, increased in the quarter under review compared to the previous year’s values. At €14 million, EBITDA was far better than in the same quarter of the previous year (€1 million), while EBIT amounted to €–3 million (previous year: €–16 million). Due to lower financing costs, the financial result improved to €–13 million (same quarter of previous year: €–16 million). Including income taxes, the net result after taxes of €–16 million was a significant improvement over the previous year’s figure (€–37 million). Click Read More below for additional detail.

LSC Communications announced that it has acquired the Quality Park envelope business from Cenveo. Quality Park is a leading producer of quality envelopes, mailing supplies and assorted packaging items. Jim Ellward, President of the TOPS Products division of LSC Communications, commented, “We're excited to bring the strong Quality Park brand into our stable of well respected and widely known brands such as Adams, Ampad, Cardinal, Oxford, Pendaflex and TOPS. Taking advantage of the synergies between TOPS Products and Quality Park will enable us to enhance our office solutions offering to extend deeper into new and existing relationships.”

Sun Chemical is expanding its edible ink range with the launch of its FSR ink, which was developed to meet the specific needs of the food industry and verified for printing directly onto food including baked goods. Created to offer outstanding color and sharpness, while also complying with the highest levels of quality and safety regulations, Sun Chemical’s FSR ink range is based on synthetic colorants suitable for use for direct food printing using mid-viscosity range piezo printheads, such as the Ricoh GH2220 digital printhead. This completes a series of digital edible inks, complementing the existing low and high viscosity FSE and FSS lines, to enable food decoration with a full range of digital printhead technologies. The FSR range of inks has been developed using carefully selected synthetic food dyes that conform to FDA and EU legislation and is suitable for food printing when used in the right conditions for food production. The technology is also suitable for pharmaceutical and nutraceutical markets such as printing on pills and capsules. Sun Chemical is collaborating with printer manufacturers specifically targeting the food and pharmaceutical industries, highlighting the need to provide the market a fully capable and innovative food printing technology.