Sun Chemical to increase prices on inks, coatings, and adhesives in EMEA
Sun Chemical is increasing prices across a broad portfolio of its packaging and commercial sheetfed inks, coatings, and adhesives in Europe, Middle East and Africa (EMEA), from 1 March this year.
The company reports that a combination of raw material shortages, including petrochemical, vegetable oils and derivatives, dramatically increased international freight transport costs, and demand due to economic recovery, are all contributing factors for the cost increases in its raw material feedstocks.
Nicolas Bétin, director product strategy EMEA at Sun Chemical, said: “The pressure across the supply chain is causing an abrupt rise in raw material costs and unfortunately requires us to increase customer prices. We will continue to work with our sourcing partners to manage and minimise the impact on our customers.”
Sun Chemical says it is working hard to mitigate rising costs by implementing internal improvement programmes and by maintaining very close communication with its suppliers and industry associations to ensure it is fully aligned to the latest procurement situation. It will communicate specific increases directly with its customers.