Sun Chemical raises ink prices in Canada
Raw materials costs force pricing changes.
Faced with continued volatility in the global supply chain and increases in the costs of raw materials, Sun Chemical Canada has announced it will raise ink prices beginning December 1, 2011 in Canada by:
- 8 percent for heatset process inks;
- 12 percent for coldset black inks;
- 6 percent for coldset color inks;
- 5 percent for water-based inks;
- 8 percent for solvent-based inks;
- 6 percent for energy curable inks;
- 5 percent for sheetfed inks;
- 8 percent for water-based coatings.
“Commodity, resin and pigment prices continue to rise and are dramatically higher than earlier this year. We see the supply of many critical raw materials continuing to be constrained due to operational, market and weather related issues, and there doesn’t appear to be any relief anticipated in the near term,” explains Rod Staveley, president of Sun Chemical Canada. “We cannot absorb the drastic raw material price increases and global supply chain instability we continue to see. Despite these challenges, we will continue to deliver on-time, quality products to our customers through significant efforts of our supply chain and technical teams.”
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 9,500 employees supporting customers around the world.
Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, NJ, U.S.A. For more information, visit www.sunchemical.com.