Elimination of VAT Refunds Signals Higher Prices

For the past several years, the printing ink industry and its suppliers have been battling higher raw material prices, largely brought on by the increased cost of crude oil. The resulting higher prices of feedstocks has led to numerous price increases for raw materials, and ink manufacturers ultimately had to respond by initiating their own price increases.     However, the price of pigments remained reasonably stable, which helped keep ink prices from further skyrocketing. There are a few reaso...