Sun Chemical to Increase Heatset Ink and Rycoline Product Prices
PARSIPPANY, NJ—June 2, 2010—Sun Chemical will implement a 6 percent price increase for heatset and directory inks in North America effective July 1, 2010.
Prices will also increase for all of Sun Chemical Rycoline blanket and roller washes, specialty solvents, isopropyl alcohol, alcohol replacement and aqueous coatings. The price of solvent-based washes will increase by $0.50 per gallon and aqueous coatings by $0.05 per pound.
The increasing costs of distillates, solvents, resins, and pigment raw materials are key factors contributing to the price increase.
“We’re working to control our costs closely with our supply chain partners and to improve the efficiency of our internal operations,” said Dennis Sweet, Vice President, Product Management, Publications Inks, Sun Chemical. “While these efforts have helped offset growing cost pressures, we can’t eliminate the need for a price increase at this time. We will continue to work on controlling our own costs closely with our supply chain partners, improve our internal operations, and develop new value-oriented products and services that can help improve customer productivity and grow their business. ”
About Sun Chemical
Sun Chemical, a member of the DIC group, is the world’s largest producer of printing inks and pigments and a leading provider of materials to packaging, publication, coatings, plastics, cosmetics, and other industrial markets. With annual sales of $3.5 billion, Sun Chemical has 10,000 employees supporting customers around the world.
Sun Chemical Corp. is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A. For more information, please visit our Web site at www.sunchemical.com.