Faced with increases in the cost of azo intermediates and raw materials, Sun Chemical Performance Pigments will raise global prices on azo pigments, specialty pigments and their pigment preparations effective Sept. 1, 2014.
“The cost of azo intermediates and pigments have significantly impacted the pigment industry and there is no short-term relief in sight for these rising costs—forcing us to increase prices,” said Mehran Yazdani, vice president, marketing, Sun Chemical Performance Pigments. “We regret needing to take this action, but current market conditions demand we adjust our prices. We will continue to look for cost reduction and productivity gains to offset the rising costs of raw materials.”