Sun Chemical has announced price increases in Europe of 6 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, mainly for pigments’ manufacturing. The increases, effective from Nov. 1, 2007, will cover Sun Chemical’s complete portfolio, in all the markets in which it operates.
Felipe Mellado, corporate vice president marketing, Sun Chemical Europe, said, “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. However, given the rapidity and scale of cost increases, despite fluctuations in the oil price, we are forced to implement price increases to cover basic costs that are not expected to drop any time soon.
“We will work closely with all our custom
Continue reading this story and get 24/7 access to Covering the Printing Inks, Coatings and Allied Industries - Ink World for FREE
Ink World magazine has tracked the growth of the ink industry and its allied industries through years of changes, technology, evolution, consolidation and market development. No other magazine has been around for as long or covered as much of the global printing ink business. This website is dedicated to providing in-depth industry coverage and late-breaking news.
Already a subscriber? Login