Sun Chemical increasing prices for European customers across all product lines, citing production, environmental restrictions on key materials, weaker Euro, high demand, effective Jan. 1; percentage increase will be in high single digits
WEXHAM SPRINGS, United Kingdom
November 28, 2012
– Sun Chemical today announces a price increase for its European customers across all Sun Chemical product lines, effective from January 1st 2013.The percentage increase will be in the high single digits and will vary dependent on the product composition and product line.
Sun Chemical will communicate specific increases directly with customers.
Despite average raw material prices stabilising in 2012, costs have risen on an annual basis and further increases are expected for 2013. These are mainly due to production and environmental restrictions on key materials, weaker value of the Euro and high demand levels.
Felipe Mellado, Sun Chemical’s Chief Marketing Officer said: “The high levels of raw material costs are unprecedented and as a result make it necessary for us to keep our ink prices under review. We work proactively with our supply chain partners to manage and minimise costs, but due to the economic reality, cost pressures have been constant and significant price increases are being passed on to the inks industry. To ensure we maintain high levels of product quality and service as well as profitability, it has become necessary to further increase customer prices.”
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.