Faced with continued volatility in the global supply chain and increases in the costs of certain raw materials, Sun Chemical will raise prices on June 1, 2012 in the United States and Canada by at least:
• 4 percent for all screen products,
• 7 percent for all white inks,
• 3 percent for all non-white liquid products,
• 3 percent for all energy curable products, and
• $0.04 per pound on all coldset products.
“We have seen unrelenting cost increases for raw materials such as water-based acrylics, energy curing resins, distillates, ink oils and titanium dioxide, which has another price increase announced for July 1st,” said Charles Murray, President of North American Inks, Sun Chemical. “While we continue to work closely with our supply chain partners to deliver products with the highest-possible value and enhanced competitive edge for our customers, we simply cannot offset the drastic raw material price increases this year across all our product lines.”
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 of more than $3.5 billion, Sun Chemical has over 8,000 employees supporting customers around the world.
Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A. For more information, please visit our Web site at www.sunchemical.com.
Contact(s):
Lynn Campbell
Sun Chemical
Tel +1 973 404 6159
lynn.campbell@sunchemical.com
Matt Parry
Eric Mower and Associates
Tel: +1 315 413 4318
mparry@mower.com