Sun Chemical will increase prices across its entire portfolio of ink, coating and consumable products in North America, effective 1 October 2018.
Image: Sun Chemical will increase prices across its entire portfolio of ink, coating and consumable products in North America. Photo: courtesy of Alexander Rist / FreeImages.
A combination of ongoing raw material supply disruptions, the escalation of transportation costs, and governmental initiatives, ranging from tariffs to changes in environmental regulations, continue to challenge the supply chain and drive up the cost of products.
Sun Chemical North American Inks president Chris Parrilli said: “The increasing raw material costs are unprecedented and as a result we must continue to review our ink, coating and consumable prices.
“While we continue to work with our supply chain partners to manage and minimize impact, the cost pressures have been significant. To ensure we maintain our high levels of product quality and service, it is necessary to increase customer prices.”
Sun Chemical, a member of the DIC group, is a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials.
Together with DIC, Sun Chemical has annual sales of more than $7.5 billion and over 20,000 employees supporting customers around the world.
Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A.
Source: Company Press Release