Ink costs rise at Sun Chemical
Sun Chemical Europe, a leading manufacturer of printing inks and pigments for the packaging industry, is increasing the prices of its products because of the rising cost of raw materials.
The price increase is effective across all Sun Chemical product lines and will be applied from 1 January 2013.The percentage increase will be in the high single digits and will vary depending on the product composition and product line.
Sun Chemical will communicate specific increases directly with customers.
Despite average raw material prices stabilising in 2012, costs have risen on an annual basis and further increases are expected for 2013. These are mainly due to production and environmental restrictions on key materials, weaker value of the Euro and high demand levels.
Felipe Mellado, Sun Chemical’s chief marketing officer, said: “The high levels of raw material costs are unprecedented and as a result make it necessary for us to keep our ink prices under review. We work proactively with our supply chain partners to manage and minimise costs, but due to the economic reality, cost pressures have been constant and significant price increases are being passed on to the inks industry. To ensure we maintain high levels of product quality and service as well as profitability, it has become necessary to further increase customer prices.”
