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.

‘Our focus is to ensure that we have an uninterrupted supply of solvents, so we can continue to supply our customers with the highest quality ink products and service they have become accustomed to. We will continue to monitor the situation, although we expect the price for solvents will likely continue to increase.’

Deegan said customers should expect communication from their INX representatives to discuss specifics. This includes answering questions and providing market data that justifies the price increase.

INX is the third largest producer of inks in North America. Flint Group Packaging Inks has confirmed the implementation of a North American price increase across all product lines for flexible packaging for its solvent-based business in July 2020, also to alleviate raw material cost increases.
https://www.labelsandlabeling.com/news/industry-updates/inx-international-increases-solvent-prices

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