Sun Chemical announces packaging inks price rise

Sun Chemical will raise prices globally on its packaging inks for all printing methods and chemistries on December 1.

This is due to continued increases in the cost of raw materials and the volatility in the supply chain, Sun Chemical said.  The average rise will be approximately six per cent for most products.  White inks, nitrocellulose varnish and other products containing the phthalocyanine green (PG7) pigment will each see significantly higher price increases.
  
In addition to steep price increases for TiO2, there were very significant increases in nitrocellulose, energy cure resins, acrylics and other packaging resins, styrene, classical pigments, carbon black, vegetable oils, solvents and additives.  The factors causing this volatility and inflation include feedstock shortages, commodity inflation, supply constraints and continued growth in demand from both traditional markets, as well as from alternative industries like adhesives, coatings and tires.  
 
‘We regret needing to take this action, but as is occurring in virtually every industry today, market conditions demand we adjust our prices, explained chief marketing officer, Felipe Mellado.  ‘But we are committed to working closely with customers to help them get the most out of our products, and developing new products and services that can help grow their business in this challenging marketplace.’