Sun Chemical announced price increases in North America of 9 to 12 percent, depending on the specific products, due to continued and rapid increases in raw material prices as well as shortages of many key ingredients.
The increases, which were effective Oct. 1, will cover inks, coatings, fountain solutions and other printing consumables supplied by the company. In addition, Sun Chemical will apply surcharges where appropriate to cover costs such as energy and freight.
“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,” said Michael Griem, president, North American Inks. “However, given the rapidity and scale of cost increases, we are forced to implement price increases to cover basic costs that are not expected to drop any time soon and issue
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