Sun Chemical Increases North American Prices of Specialty Inks

PARSIPPANY, NJ | Sun Chemical’s Specialty Inks Group will increase prices by 6 to 10% on all products sold in North America, effective September 1, 2008. The company cited continued increases in raw materials and operating costs for the increase.

In addition to record crude oil and raw materials costs, other factors driving up costs include transportation, tight supply/demand balance for oil, a weakening dollar, and the attractiveness of commodity markets as alternative investments, according to the company.

“The printing ink industry continues to experience unprecedented increases in the supply chain of all our raw materials,” said Mike Kellen, director product management, Sun Chemical Specialty Inks. “These increases are directly and indirectly related to crude oil increases, as well as large swings in the manufacturing capacity of some of the primary raw material manufacturers.

“Unfortunately, these markets will continue to be under pressure for the foreseeable future,” Kellen said. “Sun Chemical is committed to continue providing our customers with innovative products, services, and constant supply, allowing them to present the best value propositions in the market.” Visit: www.sunchemical.com

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