Flint Group Provides Insight into Expected Raw Material Cost Developments in 2012

“Further, 70 percent of the world production of gum rosin is Chinese origin. With the strength of the Chinese currency (Yuan) vs. the USD and the ongoing 5 percent revaluation annually, pigments and all other Chinese origin materials will continue to increase in cost. Add to that the increased costs of environment in China and India, the container transport costs and for those based in Europe the weakness of the Euro and you already have quite a difficult cost scenario,” adds van der Velde.