INX International has informed customers in North America of a price increase from 1 September on all solvent inks and coatings. It blames the rise on the cost of manufacturing solvents – especially alcohols used in the production of critical sanitisers and medical initiatives to fight Covid-19.
“We regret needing to take this action but it is something that is beyond our control. We have worked very hard to secure our supply of solvents even as the increased demand has put unprecedented pressure on the global solvent supply,” said Ron Deegan, the company’s senior VP sales for North America.
He added: “We will continue to monitor the situation although we expect the price for solvents will likely continue to increase.”
INX is the third largest producer of inks in North America.
