Breaking News

Sun Chemical announces price hikes

June 6, 2011

The increases will take effect on July 1.

Faced with continued volatility in the global supply chain and increases in the costs of raw materials, including acrylic and polyamide resins, rosin resins, distillates, carbon black, TiO2, Violet 23 and nitrocellulose, Sun Chemical has announced it will raise prices on July 1, 2011 in the US and Canada.

The company says the prices will go up by:

· a minimum of 8 percent for water-based corrugated packaging liquid inks,
· a minimum of 15 percent for all other water-based and all solvent-based packaging liquid inks,
· 10 percent for all heatset inks, and
· 10 percent on all Sun Chemical Rycoline blanket and roller solvent-based washes, specialty solvents, and isopropyl alcohol.

“We have seen an unrelenting elevation of costs on raw materials such as nitrocellulose, which has a price increase of over 15 percent announced for July 1 based on a 32 percent increase for cellulose, the base feedstock. We simply cannot offset the drastic raw material price increases we have seen this past year across all our product lines,” says Tony Renzi, vice president of product management, Liquid Inks, North American Inks, Sun Chemical. “Despite these challenges, we are looking for ways to work closely with our supply chain partners on controlling our own costs.”

blog comments powered by Disqus
  • Getting Educated at Labelexpo

    Getting Educated at Labelexpo

    Steve Katz, Editor||September 7, 2016
    With a wide range of presentations, expert-led master classes and machinery demonstrations, there is no shortage of learning

  • Drupa 2016 a ‘resounding success’

    Drupa 2016 a ‘resounding success’

    Steve Katz, Editor||July 15, 2016
    The label industry was well-represented as visitors showed strong interest in the latest printing technologies.

  • Label & Narrow Web Job Market Report

    Label & Narrow Web Job Market Report

    Dan Miller||July 15, 2016
    A look at the trends and challenges affecting the label industry’s talent search.