Flint Group Flexible Packaging Europe will increase prices effective from June 2022. Escalating costs continue to be seen across a number of raw material categories with no sign of improvement – binders, additives, pigments, solvents and other materials continue to rise in cost. Inflation is now worsening across multiple spend categories and an already problematic supply chain climate continues to experience significant disruption.
Jesper Bødtkjer, Vice President and General Manager – Flint Group Flexible Packaging Europe reflects, “The emphasis we place on supply reliability has a significant financial implication on our business. Throughout these unparalleled times, we have sought to take a phased, incremental approach to pricing adjustments. However, the expected softening of raw material prices has not occurred, costs continue to rise aggressively and therefore we are forced to raise prices.”
The company will continue to prioritise product quality, service and the security of supply to all its valued customers.