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15 September 2021
Sun Chemicals Announces Third Price Increase This Year
NORTH AMERICA—
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One of North America's largest ink manufactures .
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Sun Chemical will increase prices across its entire portfolio of publication, packaging and commercial sheetfed inks, coatings, and adhesives in North America, effective immediately. This is Sun Chemicals third price increase this year. With price increases in March , July and now September . Sun claims the inflationary cost trends in raw materials used within the ink industry have continued to accelerate throughout the course of the year.
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All major ink manufactures have been increasing prices this year.
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In addition to the raw material pressures, significant cost increases have been instituted in steel drums, pails, and other packaging components. Labor costs and benefits have risen exponentially. International and domestic logistics costs have continued their steady climb and forecasts show no change in these trends in the near term.
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