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Sun Chemical Announces Canada Price Increases for News, Commercial Sheetfed and Packaging Inks

Published on 2008-12-05. Author : SpecialChem

BRAMPTON, ON, CANADA -- Sun Chemical will increase prices for packaging, commercial sheetfed, and news inks in Canada between 5-12 percent effective January 1, 2009.

"The price of oil has receded in recent weeks, but the costs of pigments, pigment intermediaries, resins, solvents and other key additives continue to increase," said Rod Staveley, president of Sun Chemical Canada. "These components make up the largest percentage of most ink products that we manufacture. The rapid depreciation of the Canadian dollar is another factor affecting the price increases in Canada. While the recent price of oil has helped reduce these impacts, our total costs continue to increase.

"We will continue to work on controlling our own costs closely with our supply chain partners, to improve our internal operations and to develop new value oriented products that can help customers grow their business."

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.

Source: Sun Chemical

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