Sun Chemical – Price increase for offset inks announced
USA • Sun Chemical will increase prices on all offset inks and coatings for its customers across all regions, effective 1 March 2018. The percentage increase will be in the high single digits and will vary dependent on the product composition and product line.
Since the end of 2016, costs have risen on an annual basis and further increases are expected for the remainder of 2018. These are mainly due to production and environmental restrictions on key materials, especially in China where there has been an unprecedented number of force majeure incidents and escalations in the prices of oil, solvents, distillates and pigments. Sun Chemical will communicate specific increases directly with customers.
“The high levels of raw material costs are unprecedented and as a result make it necessary for us to keep our ink prices under review,” explains Felipe Mellado, Chief Marketing Officer, Sun Chemical, talking about the decision for this price increase. “Due to the economic reality, cost pressures have been constant and significant price increases are being passed on to the inks industry.”
Sun Chemical further increased prices on liquid inks and coatings for flexible packaging for its customers across all regions, effective 1 January 2018. According to the company the percentage increase is in the high single digits and will vary dependent on the product composition and product line.