Sun Chemical to Increase Prices on Inks and Consumables
“With the market’s continued tightness, TiO2 is forecasted to increase another 6-8 percent quarterly in 2011. Factors like these for TiO2 and other raw materials have made it difficult to offset the rising raw material costs and unfortunately has forced us to pass some of these costs on to our customers.“
“At Sun Chemical, we have worked and continue to work extremely hard to control our own costs as well as work closely with our supply chain partners to curtail cost, but it has not been enough to offset the drastic raw material price increases we have seen this past year across all our product lines,” said Charles Murray, President, North American Inks, Sun Chemical. “We will continue to work closely with our customers to help them get the most possible out of their inks, and to develop new value oriented products and services that can help them grow their business despite this challenging marketplace.”
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 10,000 employees supporting customers around the world.
Sun Chemical Corp. 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.
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