These revisions mean that Flint Group can take advantage of a longer period before its debt is due to be repaid and will have considerable additional financial flexibility. A significantly increased acquisitions facility will allow Flint Group to further expand as attractive opportunities become available.
Coatings and adhesives from Ashland Performance Materials that are marketed to North American narrow web label, tag and wrapper converters will also be available from Flint Group effective March 15, 2011.
Flint announced that McDowell has said he regrettably will not be able to take up the position for personal and family reasons. After a sabbatical leave, he will be returning to the United States to pursue other interests outside of the printing inks industry, and wishes Flint Group continued success in the future.
PLYMOUTH, MI—Flint Group North America has announced price increases on certain printing inks and pressroom chemistry sold in the United States and Canada. This is in addition to the news ink price increase implemented Jan. 1, and previously announced increases for blankets and sleeves.
Prices will increase on inks, overprint varnishes and pressroom chemistry, effective Feb. 1, 2011. This is in addition to the news ink price increase implemented Jan. 1, 2011 and previously announced increases for blankets and sleeves. “Within the last few months alone, nitrocellulose, titanium dioxide and violet pigment have experienced double digit cost increases.”
Commercial printing industry supplier company and personnel news from Printing Impressions’ January 2011 edition, highlighting Innovationdays 2011.
Effective Jan. 1, 2011, Fady will succeed Charles Knott, who will handover these responsibilities in order to separate the duties of the chairman and CEO. Knott will continue on as chairman and remains committed to the long-term growth and development of Flint Group.
PLYMOUTH, MI—Ongoing raw material trends, including supply shortages, have pushed up the price of pigments, resins and other intermediates used in the manufacture of heatset and directory inks in North America. As a result, Flint Group has announced price increases on those products sold in the United States and Canada. Prices will increase by 6 percent on heatset and directory inks and overprint varnishes, effective July 1, subject to existing contracts.
Prices will increase by 6% on inks and overprint varnishes, effective July 1, 2010, subject to existing contracts.
Increases range from 5-12% for products including alcohol substitutes, sheetfed fountain solutions, conventional and UV press wash, metering roller cleaner, film cleaners and deglazers/rejuvenators.
