Escalating Raw Material Costs Lead Sun Chemical to Increase Ink Prices in the U.S.

Faced with continued increases in the costs of raw materials and the impact of recent events in the global supply chain, Sun Chemical raised prices in the U.S. by 4% for packaging solvent-based inks, 8% for packaging water-based inks, 6% for UV flexo inks, and 14% for commercial and packaging energy curable (EC) paste inks and coatings, effective Sept. 15, 2010.
    
“Raw material suppliers continue to consolidate, leading to fewer industry supply options to choose from and significantly higher costs in manufacturing inks,” said Grant Shouldice, director, product management, energy curable, North American Inks, Sun Chemical. “At Sun Chemical, we continue to work on controlling our own costs closely with our supply chain partners, to improve our internal operations and to develop new value oriented products that can help customers grow their business.”