Industry News

Sun Chemical Performance Pigments Announces Price Increases on Phthalocyanine Pigments and Pigments Preparations

Published on 2006-07-11. Author : SpecialChem

Cincinnati, OH -- Sun Chemical Performance Pigments, a leading producer of organic pigments and pigment preparations, has announced a price increase on phthalocyanine pigments and pigment preparations. The amount of the increase is $0.40/lb on phthalocyanine blue and $0.25/lb on Phthalo green dry colors. Price increases on preparations are proportional to the amount of pigment in each preparation.

The increases are fueled by the cost of raw materials that are used in the manufacture of the pigments. Over the last several months, the prices of both copper metal and phthalic anhydride have escalated dramatically on a global basis. Copper prices are 60% higher than they were at the end of 2005 and phthalic anhydride prices have risen 20% in the same time frame. Both of these materials are major building blocks for making phthalocyanine blues and greens, thus driving the cost to produce CI Pigment Blue 15's and CI Pigment Green 7's up significantly.

About Sun Chemical

Sun Chemical, the world's largest producer of printing inks and pigments, is a leading provider of materials to packaging, publication, coatings, plastics, cosmetics, and other industrial markets. With annual sales approaching $4 billion, Sun Chemical has over 12,000 employees supporting customers around the world. The Sun Chemical Group of companies includes such well-known names as Coates, Hartmann, Kohl & Madden, and US Ink.

Sun Chemical Corporation in the U.S. and Sun Chemical Limited in England are subsidiaries of Sun Chemical Group B.V., the Netherlands. Sun Chemical has headquarters in Parsippany, New Jersey, U.S.A.; Slough, England; and Weesp, the Netherlands.

Source: Sun Chemical

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