Sun Chemical Announces Price Increase for Publication Inks
PARSIPPANY, NJ—October 31, 2008—Sun Chemical will be implementing a seven percent price increase for publication inks in North America effective December 1, 2008.
“The price of oil has receded in recent weeks, but the costs of pigments, pigment intermediaries, resins and other key additives continue to increase,” said Dennis Sweet, Vice President, Product Management, Publications Inks, Sun Chemical. “These additional components make up the largest percent of most heatset products that we manufacture. While the recent price of oil has helped reduce this impact, our total costs continue to increase”
In addition to the increasing costs of pigments and other raw materials, other factors for the price increase include transportation costs and the uncertainty over future commodity pricing and currency markets worldwide.
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 over $4 billion, Sun Chemical has 12,000 employees supporting customers around the world. The Sun Chemical Group of companies includes such established names as Coates, Hartmann, Kohl & Madden, and US Ink.
Sun Chemical Corporation is a subsidiary of Sun Chemical Group B.V., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A. For more information, please visit our Web site at www.sunchemical.com.