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Central Ink Corporation, a leading U.S. ink manufacturer, announced last week that due to the rising costs of raw materials, the company will be implementing a price increase on its inks, effective July 1, 2008. The price increase includes an extra $0.12 /lb on all non-heat black inks, an 8% increase on all non-heat colors as well as a 6% increase on all heatset inks.
“With crude oil prices reaching levels 40% higher than last year, the cost of raw materials has been escalating at a record pace. Today’s crude oil prices are more than double what they were one year ago,” said Bradley J. Dahleen, Vice President of Sales and Marketing. “This proves problematic for ink manufacturers because the majority of ink products are derived from crude oil and news ink, itself, consists of 50-70% crude oil.”
Dahleen continues, “We will continue to closely monitor market conditions to ensure that we deliver the value our customers expect from our products. We hope our customers trust that we have been and will continue to aggressively explore all possible avenues to minimize the impact that crude oil costs are having on our industry.”
For more information, visit http://www.cicink.com
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