Materials Increases Prompts Sun to Raise Ink Prices
PARSIPPANY, NJ—Faced with continued increases in the costs of raw materials and the impact of recent events in the global supply chain, Sun Chemical will raise its domestic ink prices in the United States. The increases are 14 percent for commercial and packaging energy curable (EC) paste inks and EC coatings, 4 percent for packaging solvent-based inks, 8 percent for packaging water-based inks and 6 percent for UV flexo inks.
The new prices take effect Sept. 15. Previously, INX International announced price increases. According to Sun Chemical, the volatility in raw materials and energy costs during the past two years have significantly impacted the ink industry. Non-traditional factors that began earlier this year to impact the price of major feedstocks and raw materials continue, including supply base consolidation and capacity curtailment, significant decline in refinery margins and rationalized operating rates to meet diminished demand.