Industry News

Sun Chemical to Raise Prices in North America for Packaging and Commercial Inks

Published on 2006-12-04. Author : SpecialChem

Northlake, IL -- Sun Chemical announced it will raise prices on packaging, commercial and screen inks sold in North America, effective January 1, 2007. Prices on packaging inks will rise 4 percent to 6 percent, while prices on commercial and screen inks will go up 8 percent.

"Despite our efforts to mitigate the impact of the rising costs in raw materials through active involvement with our supplier base and by driving internal efficiencies, we continue to face significant increases in all of our manufacturing costs," said Richard Pettifor, president, Sun Chemical North American Packaging Inks.

"During these challenging times we have taken many steps to reduce our operating costs in an effort to offset these increases. Sun Chemical cannot continue to absorb these increases, and therefore must pass along a portion of the actual increases taken," said Mark J. Levin, president of the Commercial Group. "We recognize the impact this has on our customers but must take this action to protect the long-term viability of our business."

Both leaders said Sun Chemical remains dedicated to meeting the needs of its customers, and pledged to maintain quality, product innovation and customer service.

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 of approximately $4 billion, Sun Chemical has over 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 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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