• 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 2022 Packaging Ink Report

    The UV Ink Market Continues to Thrive

    The Conductive Ink Market is Showing Growth

    The 2022 Resin Report

    EU Chemicals Sector Embarks on Transition Pathway
    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
    Top News
    Weekly Recap: Zeller+Gmelin, Sun Chemical and Kornit Top This Week’s News

    Nazdar Celebrates 100 Years with a New Look

    hubergroup Chemicals Exhibits at Paint India for First Time

    Award for Sustainability: Evonik Receives Platinum Rating Again

    Nazdar Ink Technologies to Showcase Latest Ink Innovations at FESPA Global Print Expo 2022
    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

    Weekly Recap: Zeller+Gmelin, Sun Chemical and Kornit Top This Week’s News

    Nazdar Celebrates 100 Years with a New Look

    RadTech 2022 Highlights Next Level Formulations

    Nazdar Ink Technologies to Showcase Latest Ink Innovations at FESPA Global Print Expo 2022

    Epson Introduces First Direct-to-Fabric Printer for North America
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    RadTech 2022 Highlights Next Level Formulations

    hubergroup Chemicals Exhibits at Paint India for First Time

    PETRONAS Chemicals Group to Acquire Perstorp Group

    Ingevity Announces Price Increase for Pine Chemical-Based Products

    Carbon Black Producer Birla Carbon to Increase North American Prices
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    RadTech 2022 Highlights Next Level Formulations

    RadTech 2022 Highlights UV/EB Opportunities in Electronics

    ROSS Mixers Restored to Like-New Condition

    UV Curing System Market Worth $8.6 Billion by 2026: MarketsandMarkets

    byko-visc Offers New RT Rotational Viscometer
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Munzing

    KRONOS INTERNATIONAL, Inc.

    Keim-Additec Surface USA, LLC

    ARCOLOR AG

    Troy Corp.
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Middle East Coatings Show 2022

    Labelexpo Americas 2022
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Departments
      • 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
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • eBook
    • Podcasts
    • 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
    Top Companies Report

    1 Sun Chemical Corporation

    ...

    1 Sun Chemical Corporation
    1 Sun Chemical Corporation
    Chris Parrilli
    Related CONTENT
    • Sun Chemical to Increase Prices on Inks, Coatings, and Adhesives in North America
    • MNYPIA Returns to the Links!
    • Sun Chemical Expands Colorant Portfolio Certified with ECO PASSPORT by OEKO-TEX
    • Sun Chemical Launches Lead-Free Paliotan VIU Pigments Portfolio
    • Direct-to-Object Printing is Overcoming Challenges
    03.15.19
    35 Waterview Blvd.
    Parsippany, NJ 07054
    Phone: (973) 404-6000
    Fax: (973) 404-6001
    www.sunchemical.com

    Sales: Together with DIC, Sun Chemical has annual sales of more than $7.5 billion in printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials worldwide. North American Ink Sales: $1.6 billion (Ink World estimate).

    Major Products: Broad product portfolio with capabilities in web heatset and sheetfed offset; publication and packaging gravure; news ink and publication coldset; flexographic packaging inks; corrugated packaging inks; energy curable inks and coatings; screen inks; label and narrow web inks; toner; inkjet materials; adhesives for packaging; overprint varnishes; specialty coatings; effect inks; flexographic printing plates; digital artwork file management; color software and brand color management; security inks and coatings; organic colorants for inks, plastics, paints, coatings and cosmetics; liquid compounds for printed circuits, printed electronics, solar modules, and digital inkjet printing; solid compounds for automotive components and glossy interiors as well as industrial, construction and other electrical components; adhesives for commercial and industrial electronics; magnetic tapes for plastic cards; and degasification modules for inkjet printing.

    Key Personnel: Myron Petruch, president and CEO, Sun Chemical and executive officer, DIC; Chris Parrilli, president, North American Inks; Fernando Tavara, president, Sun Chemical Latin America; Mehran Yazdani, president, Advanced Materials and Performance Pigments; Greg Hayes, group managing director, Europe Northern Region and Africa; Robert Fitzka, group managing director, Europe Central Region; Kevin Michaelson, VP and CFO; Carlo Musso, group managing director, Europe Southern Region and Middle East; John McKeown, senior VP, chief administration officer; Russell Schwartz, chief technology officer; Jeffrey Shaw, chief supply chain officer; Brian Panczyk, chief manufacturing officer; Felipe Mellado, chief marketing officer and Board member; James Van Horn, general counsel and secretary.

    Number of Employees: DIC has more than 20,000 worldwide.

    Operating Facilities: Sun Chemical has 176 subsidiaries across 63 countries.

    Comments: Sun Chemical had an average year in 2018, as the company continues to grow its packaging business while finding opportunities in new markets.

    “We were fairly consistent with our expectations,” Chris Parrilli, Sun Chemical North American Inks president, said. “Our core business is more packaging related, and we will continue to see growth in packaging as we continue to invest our money into research and application experts. We continue to see a decline in publication, particularly in coldset, where we see a significant decline. Fortunately, we have specialty areas where we are making good progress.”

    While Sun Chemical is growing, raw materials costs and availability remain a concern. Parrilli said that the volatility of costs and supply concerns of major raw materials, from photoinitiators to pigments and even crude oil, is a critical issue that is impacting the bottom line. The higher costs forced Sun Chemical North America to announce price increases on all inks, coatings and consumables twice in 2018, but that didn’t begin to cover the higher costs.

    “One caveat is raw material costs,” Parrilli said. “We expected some material increase in 2018, but nowhere did we anticipate the dramatic rise, and it is very difficult to pass those increases along on a timely basis. Our customers believe us, but they have their own struggles.

    “The material market is very dynamic,” he added. “The photoinitiators market is unstable. Some pigments will continue to cause us issues because of capacity curtailment, especially pigments and intermediates coming out of China. Crude oil is anyone’s guess. We saw a 50% increase in costs, and they remain volatile. Carbon black is under pressure.”

    Parrilli said that the ultimate goal is to maintain critical products for Sun Chemical’s customers, but it is a challenge.

    “Our priority is securing our supply and keeping our customers running, and we have been successful at doing that, but that comes at a price,” he noted. “The cost to us has been significant. We were able to recoup some of our cost increases, but it makes us a little uneasy heading into 2019. Certainly, we don’t expect to see the same cost dynamics that we saw in 2018, but we are not sitting here thinking that it will be a relatively calm, stable environment. We are making sure our customers are secure, making it as transparent as possible, looking at our supplier base, long-term supply agreements and opportunities to continue to look at our products, the materials that are in them, and alternatives. Technology is a big part of what we do.”

    Higher transportation costs and tariffs are two other issues impacting all industries, and ink companies are no exception. Parrilli noted that higher transportation costs aren’t going to settle anytime soon.

    “It is simple supply and demand economics with drivers,” said Parrilli. “The cost increase really surprised me, as it was anywhere from 20% to 30%. You’re trying to cut shipments, and you have to make sure you send the trucks out as full as you can. It really takes significant supply chain planning to put together the most cost-effective method.”

    As for tariffs, “We are starting to see the 10% additional cost of materials, and if the tariffs rise to 25%, it would be a significant cost to all of us in the ink industry,” Parrilli observed.

    In major personnel news, Myron Petruch was named president and CEO of Sun Chemical as of Jan. 1, 2019. Petruch served as president of Sun Chemical Performance Pigments and GM of the Pigments Products Division since 2008 and was named an executive officer of DIC Corporation, Sun Chemical’s parent company, in 2017. Petruch succeeds Rudi Lenz, who is now vice chairman of the board at Sun Chemical.

    “Myron’s background and track record of success make him the outstanding individual for this very important position at Sun Chemical,” said Masayuki Saito, chairman of the board, Sun Chemical. “On behalf of DIC and Sun Chemical, we are grateful to Rudi for his accomplishments and fine work as president and CEO and we wish Myron every success in the future leading Sun Chemical.”

    Parrilli noted that 2018 was his first year as president of Sun Chemical North American Inks, and he sees excellent opportunities ahead for the company.

    “I am continuing to build our new team and integrate them into our organization,” he noted. “We are looking at how we grow outside of our traditional markets. We are always looking for the right acquisitions to drive growth, and we are continuing to assimilate Joules Angstrom’s people, their application expertise and technology into our organization. Coatings and adhesives are also a great opportunity, which we can match with our ink technologies.

    “I am cautiously optimistic,” Parrilli concluded. “The packaging market will continue to grow, and hopefully raw material costs will stabilize. Packaging is our biggest market; Sun Chemical has a very strong market share, and we understand our customers’ needs and continue to deliver on them, whether it is less inventory, less waste, run at faster speed, developing new color technology and various other projects. There is a big effort around sustainability and all that goes with it and I believe we are at the forefront with technologies and solutions for the customer. Our focus is always on the customer.”
    Related Searches
    • personnel
    • coatings
    • sales
    • heatset
    Related Knowledge Center
    • Publication Gravure Inks
    • UV and EB Inks
    • Marking and Pad Printing Inks
    Suggested For You
    Sun Chemical to Increase Prices on Inks, Coatings, and Adhesives in North America Sun Chemical to Increase Prices on Inks, Coatings, and Adhesives in North America
    MNYPIA Returns to the Links! MNYPIA Returns to the Links!
    Sun Chemical Expands Colorant Portfolio Certified with ECO PASSPORT by OEKO-TEX Sun Chemical Expands Colorant Portfolio Certified with ECO PASSPORT by OEKO-TEX
    Sun Chemical Launches Lead-Free Paliotan VIU Pigments Portfolio Sun Chemical Launches Lead-Free Paliotan VIU Pigments Portfolio
    Direct-to-Object Printing is Overcoming Challenges Direct-to-Object Printing is Overcoming Challenges
    DCL Corporation Acquires Sun Chemical’s Performance Pigments Plant in South Carolina DCL Corporation Acquires Sun Chemical’s Performance Pigments Plant in South Carolina
    Growing Direct-to-Object Printing Market Shows Inkjet’s Versatility Growing Direct-to-Object Printing Market Shows Inkjet’s Versatility
    Sun Chemical to Increase Prices on Inks, Coatings and Adhesives in Latin America Sun Chemical to Increase Prices on Inks, Coatings and Adhesives in Latin America
    Agenda Announced for Pigment and Color Science Forum 2021 Agenda Announced for Pigment and Color Science Forum 2021
    The 2021 International Top Ink Companies Report The 2021 International Top Ink Companies Report
    Digital Printing is Making Gains in Sheetfed Printing Markets Digital Printing is Making Gains in Sheetfed Printing Markets
    Sun Chemical, DIC Corporation Finalize Acquisition of BASF’s Global Pigments Business Sun Chemical, DIC Corporation Finalize Acquisition of BASF’s Global Pigments Business
    Scott O’Brien Joins Superior Materials Scott O’Brien Joins Superior Materials
    The Pigment Industry The Pigment Industry's Changing Landscape
    NAPIM Conference Highlights Digital, Emerging Technologies NAPIM Conference Highlights Digital, Emerging Technologies

    Related Top Companies Report

    • Ink Manufacturers News | Printers News | Sheetfed Inks
      19 International Paper

      19 International Paper

      ...
      03.22.20

    • Ink Manufacturers News | Publication Offset Inks | Sheetfed Inks | UV and EB Inks
      19 Ink Systems, Inc.

      19 Ink Systems, Inc.

      ...
      03.22.20

    • Ink Manufacturers News | Publication Offset Inks | Sheetfed Inks | UV and EB Inks
      18 Van Son Holland Ink/T&K TOKA U.S.A.

      18 Van Son Holland Ink/T&K TOKA U.S.A.

      ...
      03.22.20


    • Ink Manufacturers News | Specialty Inks
      17 SICPA Securink Corp.

      17 SICPA Securink Corp.

      ...
      03.22.20

    • Ink Manufacturers News | Publication Offset Inks | Sheetfed Inks | UV and EB Inks
      16 Central Ink Corporation

      16 Central Ink Corporation

      ...
      03.22.20

    • Ink Manufacturers News | Inkjet Inks and Toners
      15 Sensient Imaging Technologies

      15 Sensient Imaging Technologies

      ...
      03.22.20


    • Inkjet Inks and Toners | Screen Inks | UV and EB Inks
      14 Nazdar

      14 Nazdar

      ...
      03.22.20

    • Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      13 HP Inc.

      13 HP Inc.

      ...
      03.22.20

    • Ink Manufacturers News | Publication Offset Inks | Sheetfed Inks | UV and EB Inks
      12 Sanchez SA de CV

      12 Sanchez SA de CV

      ...
      03.22.20


    • Ink Manufacturers News | Inkjet Inks and Toners | Printers News | Screen Inks | UV and EB Inks
      11 FUJIFILM North America Corporation, Graphics Systems Division

      11 FUJIFILM North America Corporation, Graphics Systems Division

      ...
      03.22.20

    • Ink Manufacturers News | Inkjet Inks and Toners | Sheetfed Inks | UV and EB Inks
      10 Toyo Ink America, LLC

      10 Toyo Ink America, LLC

      ...
      03.22.20

    • Graphic Arts Coatings | Ink Manufacturers News | Publication Offset Inks | Sheetfed Inks | UV and EB Inks
      9 hubergroup USA, Inc.

      9 hubergroup USA, Inc.

      ...
      03.22.20


    • Ink Manufacturers News | Inkjet Inks and Toners | Printers News | UV and EB Inks
      8 EFI

      8 EFI

      ...
      03.22.20

    • Ink Manufacturers News | Inkjet Inks and Toners
      7 DuPont

      7 DuPont

      ...
      03.22.20

    • Graphic Arts Coatings | Ink Manufacturers News | Inkjet Inks and Toners | Sheetfed Inks | UV and EB Inks
      6 Wikoff Color Corporation

      6 Wikoff Color Corporation

      ...
      03.22.20

    Breaking News
    • Weekly Recap: Zeller+Gmelin, Sun Chemical and Kornit Top This Week’s News
    • Nazdar Celebrates 100 Years with a New Look
    • hubergroup Chemicals Exhibits at Paint India for First Time
    • Award for Sustainability: Evonik Receives Platinum Rating Again
    • Nazdar Ink Technologies to Showcase Latest Ink Innovations at FESPA Global Print Expo 2022
    View Breaking News >
    CURRENT ISSUE

    April 2022

    • The 2022 Packaging Ink Report
    • The UV Ink Market Continues to Thrive
    • The Conductive Ink Market is Showing Growth
    • The 2022 Resin Report
    • EU Chemicals Sector Embarks on Transition Pathway
    • Overview of Ink Demand in Asian Ceramic Industry
    • Industry Gears Up for the 2022 American Coatings Show and Conference
    • Defining - Evaluating Impurities, IAS, NIAS, and NLS (Part 2)
    • Needham Group Embraces New Technologies
    • 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

    Coca-Cola to Phase Out Honest Tea Brand by Year’s End, Citing Supply Chain Challenges
    Vitafoods Europe 2022 Attendance Returns to 2019 Level
    Beyond Raw Launches Concept X Pre-Workout Line
    Coatings World

    Latest Breaking News From Coatings World

    PPG Sets Goals to Reduce Greenhouse Gas Emissions, Unveils 2021 ESG Report
    Birla Carbon to Present Sustainable Carbon-based Solutions at PaintIndia 2022
    BTC Europe, NXTLEVVEL Biochem to Distribute Biobased & Biodegradable Solvents in Europe
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Kilo Health Invests 500,000 Euros in Pulsetto
    China to Strengthen Robotic Surgical Market With Second 5-Year Plan
    First Patient Enrolled in Alucent Biomedical's Vascular Scaffolding Clinical Trial
    Contract Pharma

    Latest Breaking News From Contract Pharma

    A Clean Sweep for AES at FOYA Awards
    Lonza, IBF Partner on Drug Development, Manufacture for Portfolio Cos
    INCOG BioPharma Services Opens Biomanufacturing Facility
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Estée Lauder Promotes Gibu Thomas to EVP, ELC Online
    HipDot Launches Girl Scout Cookie Collection
    L’Oréal Invests in Japanese Beauty Startup, Sparty
    Happi

    Latest Breaking News From Happi

    Croda Achieves Highest Carbon Management Level in Ecovadis’ New Carbon Scorecard
    OleHenriksen’s “Big Oh Duo” Pairs New Body Skincare and Sexual Wellness Device
    Crown Laboratories Expands Aesthetics Stable with Acquisition of Med Device Company
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Zeller+Gmelin, Sun Chemical and Kornit Top This Week’s News
    Nazdar Celebrates 100 Years with a New Look
    hubergroup Chemicals Exhibits at Paint India for First Time
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Rotocon wins AI Business Excellence Award
    Quad adds Landa S10P Nanographic Printing Press
    Sihl launches materials for on-demand color label printing
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Thinx Names Meghan Davis as CEO
    Kimberly-Clark Reportedly Examining Sale of Latin American Tissue
    Ahlstrom-Munksjö Announces Reorganization of Decor Business Ownership
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    James W. Stone Named AANA President
    Tom Hedman Named Senior Principal Scientist at Spinal Simplicity
    ODT's Most Read Stories This Week—May 21
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: Graphene Flagship, Japan Display and LG Display Top This Week’s Stories
    Evonik Launches New Processing Aids for PV Wafer Cutting
    NREL Creates Highest Efficiency 1-Sun Solar Cell

    Copyright © 2022 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