Sun Chemical Performance Pigments to raise global prices on Azo pigments, specialty pigments and pigment preparations, effective Sept. 1, due to increases in the cost of Azo intermediates and raw materials
July 16, 2014
– Faced with increases in the cost of Azo intermediates and raw materials, Sun Chemical Performance Pigments will raise global prices on Azo pigments, specialty pigments and their pigment preparations effective September 1, 2014.
“The cost of Azo intermediates and pigments have 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 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 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.