US-based printing inks and pigments producer Sun Chemicals has announced that it will increase price of its solvent- and water-based liquid inks in Europe, effective January 15, 2019.
Costs have risen annually on a variety of key raw materials used to manufacture inks, including solvents, acrylic derivatives, organic pigments, and polyols and isocyanates, which are the basic building blocks for numerous resins.
Additionally, the ongoing initiatives in China to enforce tighter environmental regulations at chemical plants has resulted in ongoing supply disruptions.
Sun Chemical Chief Marketing Officer Felipe Mellado said: “The increasing raw material costs continue at an unprecedented rate and require us to increase customer prices. We will continue to work with our supply chain partners to manage and minimize the impact on our customers.”
Source: Company Press Release.