PARSIPPANY, NJ, Sept. 15, 2021 (Press Release) -Sun Chemical will increase prices across its entire portfolio of publication, packaging and commercial sheetfed inks, coatings, and adhesives in North America, effective immediately.
The inflationary cost trends in raw materials used within the ink industry have continued to accelerate throughout the course of the year. In addition to the raw material pressures, significant cost increases have been instituted in steel drums, pails, and other packaging components. Availability of skilled labor remains a challenge and in order to attract and retain a committed team, labor costs and benefits have risen exponentially. International and domestic logistics costs have continued their steady climb and forecasts show no change in these trends in the near term.
“Sun Chemical’s top priority throughout 2021 has been to maintain the supply of our products to our customers. We have absorbed the higher costs of expedited freight, raw materials and other key inputs in order to achieve that objective,” said Chris Parrilli, President of North American Inks. “The recent pace and magnitude of these costs have exceeded our ability to mitigate their impact and, despite various actions to help offset, it is crucial that we implement further price increases across our entire portfolio of products to continue to meet the needs of our valued customers.”
Sun Chemical will communicate specific increases directly with its customers. Customers with questions can reach out to their local Sun Chemical sales representative.
About Sun Chemical
Sun Chemical, a member of the DIC Group, is a leading producer of packaging and graphic solutions, color and display technologies, functional products, electronic materials, and products for the automotive and healthcare industries. Together with DIC, Sun Chemical is continuously working to promote and develop sustainable solutions to exceed customer expectations and better the world around us. With combined annual sales of more than $8.5 billion and 22,000+ employees worldwide, the DIC Group companies support a diverse collection of global customers.
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.