• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    The Inkjet Ink Market in 2023

    The Pigment Market Continues to Grow in 2023

    TSCA and the Ink Industry

    Mike Oberski Receives NAPIM’s TAM Service Award

    Sustainability and Raw Materials
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Video Bites
    Top News
    Siegwerk, Wildplastic, TU-Hamburg Partner on Deinking

    hubergroup Chemicals Debuts at the European Coatings Show

    Monthly Recap: Sustainability in Pigments and Raw Materials, Inkjet Inks Top This Month’s Stories

    Powering Short-Run Book Printing with Xeikon

    Flexible Packaging Market to Reach $315.5B by 2027 Globally: MarketsandMarkets
    Whitepapers
    Glossary
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Powering Short-Run Book Printing with Xeikon

    Mexar Limited Awarded OEKO-TEX ECO PASSPORT Certification

    Fujifilm Expands Its RxD Inkjet Pigment Dispersions Color Range

    Ball Reports 2022 Results

    Roland DGA Announces Key Changes to Leadership Team
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    hubergroup Chemicals Debuts at the European Coatings Show

    Fujifilm Expands Its RxD Inkjet Pigment Dispersions Color Range

    Arkema Partners with Research Institute to Open Lab in France

    White Inorganic Pigments Market Worth $29.5 Billion by 2026: MarketsandMarkets

    Full Program for BIG IDEAS for UV+EB Technology 2023 Announced
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    ROSS Develops Heavy-Duty Three Roll Mills for High Viscosity Dispersions

    Full Program for BIG IDEAS for UV+EB Technology 2023 Announced

    The 2023 Ink Equipment Report

    RadTech Announces New President, President-Elect and Board Members

    ROSS Highlights FDA-3500 Dual Shaft Mixer
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Pan Technology, Inc.

    Specialty Polymers, Inc.

    Shamrock Technologies, Inc.

    Shin Etsu Silicones of America

    Munzing
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Eastern Coatings Show 2023
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Glossary
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • Podcasts
    • eBook
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Blog

    Pricing Update: Ink Industry Sees Further Supply Chain Volatility

    There has been no shortage of issues in the past six months, whether it is in raw materials, inflation, logistics and the war in Ukraine.

    Pricing Update: Ink Industry Sees Further Supply Chain Volatility
    David Savastano, Editor03.24.22
    Just when the it looks like the supply chain situation can’t get any worse for virtually the entire world of business, including the ink industry, it becomes even more chaotic.

    Back in November 2021, when I last wrote a blog post on raw materials and logistics, I reported on shortages in key materials, rising oil prices, natural disasters, transportation and logistics, and the beginnings of inflation.

    Now? Inflation is rising fast; the US Inflation Calculator places inflation at 7.9% since February 2021.

    Transportation hasn’t fared well: according to AAA, the average price of gasoline is $4.236/gallon as of March 24, 2022. That’s at least $1 more per gallon than a year ago.

    Then there is the war in the Ukraine, with Russian forces attacking Ukraine and much of the rest of the world imposing sanctions on Russia, including its crude oil industry. This is having an impact at the gas pumps and manufacturing.

    Some key raw materials - pigments, resins, solventds and additives, among others - continue to remain scarce, and those that are available are seeing higher prices.

    The printing industry is having all sorts of headaches. Paper companies are raising prices, and ink companies have no choice to do so as well. Meanwhile, ink companies are trying to mitigate these costs as best as possible, but some companies are announcing price increases and surcharges. As I have noted previously, many companies don’t officially announce price increases, but I have heard unofficially from a number of companies that they have also had to move on prices.

    These are just the announced increases in the last three months.

    • hubergroup Print Solutions: hubergroup Print Solutions announced its price increase in early March 2022; the price increase applies to all segments, including sheetfed/UV and web offset as well as flexo and gravure products, and will vary by product.

    “The situation on the raw material market is not easing, but instead continues to worsen,” said Heiner Klokkers, CEO of hubergroup, in announcing the price increases. “The printing ink industry is severely affected by the increased costs for transport and raw materials such as pigments, resins or solvents. To ensure that we can continue to supply our customers with high-quality products in the future, it is unfortunately unavoidable that we reflect the increased procurement costs in the prices of our products.”

    • Sun Chemical and DIC Corporation: Announced an energy surcharge on the entire Color Materials portfolio, effective from April 1, 2022, as well as a separate announcement on Feb. 1, 2022 reporting that it increased prices across parts of its pigments, dyes and preparations portfolio.

    “Our priority remains to keep supplying our customers, allowing them to keep their facilities operating,” said Stefan Sütterlin, president, Global Color Materials, in announcing the surcharge. “However, the magnitude of recent energy related inflation cannot be absorbed and requires us to implement surcharges. The situation will need to be adjusted as it goes, and we can assure our customers that surcharges will be phased out as the situation allows.”

    • Flint Group Commercial Publication Web Division: In early February 2022, Flint Group’s Commercial Publication Web Divison announced surcharges. That followed increases across the company’s heatset ink, news ink, sheetfed ink, transfer media and pressroom chemical portfolios that were announced in January 2022.

    “The first responsibility of a supplier is to meet its obligations to its customers for provision of required volumes to maintain the integrity of the supply chain,” said Tony Lord, president of Flint Group Commercial Publication Web Division, in making the announcement of the surcharges. “To meet this requirement, we have been successful in responding to the post pandemic’s unprecedented disruption in both global raw material and energy markets by ensuring both product and energy availability to meet our customers’ demands. This has, however, been at previously unparalleled price levels across our entire portfolio of raw materials and manufacturing locations.

    “Regrettably, the hoped-for stabilization in both raw material availability and pricing has failed to materialize so far in 2022 with products remaining scarce and their pricing continuing to escalate accordingly,” Lord added. “This, coupled with the exponential increase in energy tariffs, has created a situation where current selling price levels for our products are simply not sustainable.

    “To respond to this sudden rise in costs, we feel the sensible approach is to avoid a general price increase and apply a monthly surcharge whilst awaiting further market developments," Lord noted. "To this end, effective for deliveries from March 1st 2022, surcharges to recover these recent cost increases will be applied across our entire publication ink portfolio so that we can maintain supply to our customers.”

    • Flint Group Packaging: Flint Group Packaging announced on Feb. 7, 2022 that it will increase the prices of all its packaging products sold by the Flexible Packaging, Paper & Board and Narrow Web businesses.

    “The security of supply is our number one priority,” Doug Aldred, chief commercial officer – Flint Group Packaging, said in the announcement. “Due to our extensive global network and efficiency programmes, we are able to mitigate a significant portion of cost and supply risk. However, we continue to witness tightening supply and exponential cost increases. Despite implementing an extensive range of efficiency programs to mitigate these conditions, we are reluctantly compelled to raise prices.”

    • Sun Chemical: On Jan 14, 2022, Sun Chemical announced it will increase prices across its entire lines of packaging, commercial sheetfed and screen inks, coatings, consumables and adhesives in North America, effective immediately or as contracts allow. In late January 2022, Sun Chemical also announced that price increases would be implemented in Latin America.

    “Sun Chemical’s priority throughout 2021 has been to keep our products flowing to our customers, allowing them to keep their facilities operating. We continue to leverage our global network to secure raw materials and needed services,” said Chris Parrilli, president of North American Inks, in making the announcement on North America. “However, the competition for these resources is significant and is driving costs higher and faster than we can overcome through efficiency programs. This requires us to raise prices to our customers so that we can continue to secure the needed inputs to make and deliver quality products.”

    • Epple Druckfarben AG: increased the prices of its sheetfed offset printing inks, coatings and printing chemicals on Feb. 1, 2022.

    “We, and the entire industry urgently need to find answers to the current economic challenges,” Stefan Schülling, member of the executive board at Epple Druckfarben AG and responsible for sales and finance, said in announcing the increases. “The increased costs of raw materials, including pigments and plant-based oils, the shortages in the upstream petrochemical supply chains, and the high shipping and packaging costs are destabilizing the entire printing value chain.”

    I don’t see any end to raw material pricing and availability issues, and transportation isn’t going to improve soon. The ink industry and its supply chain, both upstream and downstream, are doing what they can with what they have, and we will see what the future holds.
      Loading, Please Wait..
      Trending
      • The Key Ingredients To Ink
      • Alexander's Adds Two New HP Indigo 100K Digital Presses To Fleet
      • Fujifilm Expands Its RxD Inkjet Pigment Dispersions Color Range
      • Flint Group Launches Sustainable UV LED Dual Cure Ink
      • 3D Printing Materials Market Worth $7.9 Billion By 2027: MarketsandMarkets
      Breaking News
      • Siegwerk, Wildplastic, TU-Hamburg Partner on Deinking
      • Brilliant Group and Terra Firm Launch Partnership
      • hubergroup Chemicals Debuts at the European Coatings Show
      • Monthly Recap: Sustainability in Pigments and Raw Materials, Inkjet Inks Top This Month’s Stories
      • Powering Short-Run Book Printing with Xeikon
      View Breaking News >
      CURRENT ISSUE

      January 2023

      • The Pigment Market Continues to Grow in 2023
      • The Inkjet Ink Market in 2023
      • Sustainability and Raw Materials
      • TSCA and the Ink Industry
      • The 2023 Equipment Report
      • Mike Oberski Receives NAPIM’s TAM Service Award
      • Developments and Clarifications in EU Food Contact Regulations
      • Specialty Inks are Nocopi Technologies’ Forte
      • View More >

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      ADM Expands Production to Meet Demand for Probiotics
      Wiley’s Finest Debuts Peak DHA Featuring 600 mg of DHA and 300 mg of EPA
      FDA to Allow Qualified CVD Risk Reduction Claim for Cocoa Flavanols in High Flavanol Cocoa Powder
      Coatings World

      Latest Breaking News From Coatings World

      Personnel Changes at BASF
      Dr. Kurt Wood to Deliver Mattiello Memorial Lecture at ACA’s 2023 CoatingsTech Conference
      hubergroup Chemicals to Debut at the European Coatings Show
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      Konica Minolta Introduces Mobile X-Ray Systems to Latin America
      NIH MedTech Program Aims to Develop Neurological Treatment Tech
      Formula Plastics Appoints Bill Gerard as President
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Qosina Corp. Names Lee Pochter as Executive Vice President
      Bristol Myers Squibb 4Q Results
      Actinium, NCI Partner to Develop Actimab-A in AML
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Tree Hut Introduces Body Wash Line
      Zara Introduces Mini Artists—Beauty Products for Kids
      L’Oréal USA Taps Stephanie Kramer as Chief Human Resources Officer
      Happi

      Latest Breaking News From Happi

      Arm & Hammer Taps Dave & Jenny Marrs, TikTokers for Budget-Centered 'Give It The Hammer' Campaign
      Meaningful Beauty Age-Proof Hair Care System Now Available on Amazon
      Zotos Expands Biotera Distribution to Target with Ultra Collection
      Ink World

      Latest Breaking News From Ink World

      Siegwerk, Wildplastic, TU-Hamburg Partner on Deinking
      Brilliant Group and Terra Firm Launch Partnership
      hubergroup Chemicals Debuts at the European Coatings Show
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      Siegwerk partnership aims to improve plastic waste recyclability
      CELAB-Europe launches new web hub for liner recyclers
      Fujifilm expands RxD inkjet pigment dispersions color range
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Toray to Expand PPS Production in Korea
      Masque Bar Launches Compostable Sheet Masks
      Mark Snider Joins INDA as Chief Market and Industry Analyst
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      Jury Convicts Chiropractor, Orthopedic Surgeon in $31M Fraud Scheme
      Steady Growth Forecast for Global Orthobiologics Market
      ODT's Most-Read Stories This Week—Feb. 4
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      OE-A at LOPEC – Printed Electronics Up Close
      Monthly Recap: LG OLED, Avery Dennison and JOLED Top This Month’s Stories
      ASSA ABLOY Reports Q4 2022 Results

      Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login