INX increases prices due to shortage

INX International Ink Co. announced a price increase effective Sept. 1. Ongoing raw material supply shortages have a serious effect on printing ink production.

Solvent based white inks and water based white inks will increase in price from 4 to 6 percent. Inks containing Violet 23 and water coatings will each increase 8 percent. Water base inks, bases, clears and blends will rise 2 to 4 percent, and UV inks and coatings will increase 8 to 10 percent.

Company President Rick Clendenning says 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 supply and service this increase in demand.