Home / Knowledge / News / Textiles / INX International announces price increase
INX International announces price increase
13
Aug '10
INX International Ink Co. has announced a price increase effective September 1, 2010. Ongoing raw material supply shortages are continuing to have a serious effect on printing ink production.

Company President Rick Clendenning states the economic downturn in 2008 caused many of the printing ink industry's raw material suppliers to reduce operating capacity. Several suppliers permanently shut down manufacturing plants. Over the past 12 months demands have increased and raw material suppliers are still not positioned to adequately supple and service this increase in demands.

“These ongoing raw material supply shortages and cost increases are continuing to have a serious impact on printing ink costs, supply and production. Key materials such as Titanium Dioxide, Violet 23, UV Monomers and Acrylic Acids (Acrylic Resins) have increased in cost and many are now on restricted supply,” Clendenning said. “We understand and respect the fact that all markets are still recovering from the 2008 economic downturn, and we will continue to do everything possible to mitigate printing ink price increases in all markets.”

This increased demand imbalance on specific global raw materials and chemical feed stock markets has forced INX International Ink Co. to take the following actions effective Sept. 1: Solvent based white inks and water based white inks will increase in price from 4-6 percent. Inks containing Violet 23 (purple) and water coatings will each increase 8 percent. Water base inks, bases, clears and blends will rise 2-4 percent, and UV inks and coatings will be increased 8-10 percent.

INX International Ink Co. will strategically address the impact of the above mentioned raw materials as related to specific inks and markets rather than generically mandated increases across all product lines and market segments. INX sales representatives are available to discuss with customers any specific questions or concerns related to this announcement.

INX International Ink Co. is the third largest producer of inks in North America with over 20 facilities in the U.S. and Canada, and is a global supplier as part of Sakata INX worldwide operations.

INX International Ink Co


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Urmil Arya

Sushila International, a well established textile organisation established ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search