INX International announces price increase
The rising cost of raw materials has forced INX International Ink Co to announce a price increase effective from April 1, 2011.
The company, which is a provider of inks for metal decorating, has cited the unprecedented upward price pressure on raw materials, transportation and the continued instability in the raw material supply chain as the major contributing factors for this new price increase.
“Raw material increases are outpacing our mitigation efforts to a point that we are unable to absorb the impact of the increases anymore,” says INX president and CEO Rick Clendenning (pictured). “Some of the major increases have been with select pigments and all resins used for litho inks, solvent based inks, water based inks and coatings. We will continue our efforts to analyse our processes and implement cost savings initiatives, while bringing new innovations and technologies to our customers and the market.”
The company’s sales representatives are available to discuss with customers any specific questions or concerns related to this announcement.
INX International is the third largest producer of inks in North America with over 20 facilities in the US and Canada, and is a global supplier as part of Sakata Inx worldwide operations.