Sun Chemical announced price increases in Europe on Oct. 27, 2006, ranging from 4 perecnt to 12 percent, depending on the product. This is due to continued, rapid increases in raw material prices, shortages of key materials and cost increases due to new EU regulations affecting the chemical industry, such as REACH and ATEX. The increases, which were effective Nov. 1, covered inks, coatings, fountain solutions and other printing consumables supplied by the company.
“Sun Chemical is proactively working with its supplier base, monitoring industry conditions and continuing internal efficiency programs to mitigate the impact of rising costs, material scarcities and transportation availability,” Felipe Mellado, corporate vice-president, marketing, Sun Chemical European Inks, said. “However, given the speed and scale of these cost increases, and despite fluctuations in the oil price, it has been necessary to implement price increases to cover basic costs. We would not expect these to drop any time soon.”
David Meldram, president, Sun Chemical European Inks, said, "In Europe we are operating in a challenging environment and these increases will ensure our customers can count on us to continue to offer the best total value in the industry through innovation, technology, superior service and ease of doing business.”