Sun Chemical to Raise Prices on Heatset Printing Supplies
PARSIPPANY, NJ—June 7, 2012—Faced with volatility in the global supply chain and increases in the costs of certain raw materials, such as distillates, solvents and resins, Sun Chemical will raise prices in the United States and Canada on all heatset products and certain pressroom consumables on July 1, 2012.
The price increases will vary as different products have a different chemical composition, but the average cost increase will be approximately 10 percent for most products.
All heatset products will be affected by the price increase, inclusive of directory inks. Certain Rycoline solvent-based washes will also be impacted.
“The costs for the raw materials we use to manufacture heatset inks continue to rise at an unrelenting pace, and while we continue to control our own costs closely and improve the efficiency of our internal operations, we can’t eliminate the need for a price increase at this time,” said Charles Murray, president of North American Inks, Sun Chemical. “We will continue to work closely with our supply chain partners to deliver products with the highest-possible value and enhanced competitive edge for our customers.”
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 more than $3.5 billion, Sun Chemical has over 8,000 employees supporting customers around the world.