Sun Chemical will implement a new price increase affecting its solvent and water based liquid inks in Europe, effective 15 January 2019.
Costs have risen annually on a variety of key raw materials used to manufacture inks, including solvents, acrylic derivatives, organic pigments and polyols and isocyanates, which are the basic building blocks for numerous resins. Additionally, the on-going initiatives in China to enforce tighter environmental regulations at chemical plants has resulted in supply disruptions.
‘The increasing raw material costs continue at an unprecedented rate and require us to increase customer prices,’ said Felipe Mellado, chief marketing officer, Sun Chemical. ‘We will continue to work with our supply chain partners to manage and minimise the impact on our customers.’