Sun Chemical, a producer of packaging and graphic solutions and color and display technologies, announces a price increase across its entire portfolio of packaging, commercial sheetfed and screen inks, coatings, consumables, and adhesives in North America, effective immediately or as contracts allow.
The company says the pace of inflationary cost movements continues to impact the entire spectrum of raw material intake and packaging components for the ink industry.
Additionally, sustained shortage of available labor and the supply/demand dynamics globally and regionally contribute to cost increases. Sun Chemical says it continues to find ways to mitigate these costs, but the extent and rate of cost increases require the company to raise prices to offset impacts on the business.
“Sun Chemical’s priority throughout 2021 has been to keep our products flowing to our customers, allowing them to keep their facilities operating. We continue to leverage our global network to secure raw materials and needed services,” explains Chris Parrilli, president of North American Inks. “However, the competition for these resources is significant and is driving costs higher and faster than we can overcome through efficiency programs. This requires us to raise prices to our customers so that we can continue to secure the needed inputs to make and deliver quality products.”
Sun Chemical will communicate specific increases directly with its customers. Customers with questions can reach out to their Sun Chemical sales representative.