Price Increases Coming on Inks, Coatings, Adhesives
Sun Chemical will increase prices across a broad portfolio of its packaging and commercial sheetfed inks, coatings, and adhesives in North America, effective March 15, 2021.
A combination of raw material shortages, including petrochemical, vegetable oils and derivatives, dramatically increased international freight transport costs, and demand due to economic recovery, are all contributing factors for the cost increases in Sun Chemical’s raw material feedstocks.
“These unprecedented dynamics have resulted in significant inflationary pressure which requires us to raise prices to offset these costs,” said Chris Parrilli, President of North American Inks, Sun Chemical. “We will remain focused on supplying our customers with best-in-class solutions. Our customers can rest assured that Sun Chemical will continue to deliver the support and services they need to succeed.”
As a leading ink supplier, Sun Chemical is working hard to mitigate rising costs by implementing internal improvement programs and by maintaining very close communication with its suppliers and industry associations to ensure it is fully aligned to the latest procurement situation. Sun Chemical will communicate specific increases directly with its customers.
The preceding press release was provided by a company unaffiliated with In-plant Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of In-plant Impressions.