The Print Wire
Other news from the industry
Jun 08, 2011
Sun Chemical raises ink prices and implements temporary fuel surcharge in Canada
Faced with continued volatility in the global supply chain and increases in the costs of raw materials, Sun Chemical will raise prices beginning on July 1, 2011 in Canada by:
 
  • 4 to 14 percent for solvent-based inks,
  • 10 percent for heatset inks,
  • 8 percent for coldset black inks,
·        6 percent  for coldset color inks,
·        4 to 6 percent for water based inks,
·        4 to 6 percent for water based coatings, and
  • 10 percent on all blanket and roller washes.

Sun Chemical will increase the price of all solvent- and water-based whites and Violet 23 inks on a case by case basis dependent on the amount of white and Violet 23 are in the specific color formulation.
 
To offset increasing oil prices and freight costs, Sun Chemical Canada will also implement a temporary fuel surcharge which varies based on the cost of diesel gas per litre. Beginning at $0.02/kg for diesel gas prices ranging between $1.06-$1.10/litre, the surcharge will increase $0.01/kg for every $0.05 increase in diesel fuel.

“We have seen unprecedented cost increases on many raw materials including nitrocellulose, acrylic and polyamide resins, TiO2, and Violet 23 pigments. We’re also facing significant surcharges for the cost of freight due to the steep price of oil,” said Rod Staveley, President, Sun Chemical Canada. “We simply cannot offset the drastic raw material price increases and global supply chain instability we have seen this past year across all our product lines. Despite these challenges, we are looking for ways to work closely with our supply chain partners on controlling our own costs.”
 
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.
 
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 <BLOCKED::http://www.sunchemical.com/> .
PrintCAN on Twitter@PrintCAN
North Island Publishing MastheadOnline gutenbergs' guide PrintCAN Print World 2010  
Canada’s Estimators' & Buyers' Guide Design City Graphic Monthly