Sun Chemical to increase global prices on Quinacridone, Perylene high performance pigments by up to 10%, Violet 23 pigments by US$4.50/lb., effective May 1
April 11, 2011
– Faced with continued increases in the costs of raw materials and volatility in the global supply chain, Sun Chemical Performance Pigments will raise global prices on Quinacridone and Perylene high performance pigments by up to 10 percent and Violet 23 pigments by $4.50 per pound, effective May 1, 2011.
“For over two years, the cost of raw materials and supply instability has 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 as is occurring in virtually every industry today, 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."
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 9,500 employees supporting customers around the world.