Sun Chemical’s inks, coatings, consumables and adhesives will be subjected to a price increase in North America.
Sun Chemical has recently announced that it will increase the prices across the entire portfolio of packaging, commercial sheetfed and screen inks, coatings, consumables and adhesives in North America. The company will communicate specific increases directly with the clients.
The company has declared that the price increase is caused by the unprecedented pace of inflationary cost movements that are still impacting the raw materials and the packaging components for the ink industry, as well as the sustained shortage of available labour and the supply and demand dynamics in both the global and regional logistics markets.
“Sun Chemical’s priority throughout 2021 has been to keep our products flowing to our customers, allowing them to keep their facilities operating. We continue to leverage our global network to secure raw materials and needed services. However, the competition for these resources is significant and is driving costs higher and faster than we can overcome through efficiency programs. This requires us to raise prices to our customers so that we can continue to secure the needed inputs to make and deliver quality products,” stated Chris Parrilli, President of North American Inks.