Faced with increases in the costs of raw materials and the impact of recent events in the global supply chain, Sun Chemical says it will raise prices in North America by 4 percent for packaging liquid inks with a specific increase of $0.40/lb on bronze metallic inks, 6 percent for energy curable inks, and $0.75/lb for commercial sheetfed blended colors, effective April 1.
“Raw materials and energy cost volatility have had a strong impact on the ink industry over the past 18 months,” says Tony Renzi, vice president, product management liquid inks, North American Inks. “Non-traditional factors recently began impacting the price of major feedstocks and raw materials, including supply base consolidation and capacity curtailment, significant decline in refinery margins, and rationalized operating rates to diminish demand. The combination of these factors has led to elevated fixed costs on raw material goods.
“Due to the consolidation of raw material suppliers, we now have fewer industry supply options to choose from. Until we see an improvement in demand or a supply correction is made in the raw materials industry, we will continue to face a higher cost in manufacturing inks.
Headquartered in Parsippany, NJ, USA, Sun Chemical is the world’s largest producer of printing inks and pigments and a leading provider of materials to packaging, publication, coatings, plastics, cosmetics, and other industrial markets. With annual sales of $3.5 billion, Sun Chemical has 10,000 employees supporting customers around the world.