Ink prices continue to rise
Published: 21 September 2021 | No comments yet
Sun Chemical will implement another price increase across its entire portfolio of packaging, commercial sheetfed, and publication inks, coatings, pressroom chemicals and adhesives in the EMEA region, effective 1 October 2021.
The global raw material situation has not shown any signs of stabilisation during the summer, but rather continues, demonstrating further significant inflationary pressures. Raw material shortages are an ongoing concern and the competitive environment to secure these scarce resources has accelerated the cost increases within a majority of Sun Chemical’s raw material categories. In addition to raw material cost pressures, logistics and operational costs have soared, including packaging, freight, and utilities, as the economic recovery drives demand for these services.
‘The dynamics within the ink market are unprecedented without signs of stabilisation,’ said Carlo Musso, president of EMEA packaging inks and Robert Fitzka, president key accounts and publication inks, Sun Chemical. ‘Sun Chemical’s primary objective is to keep our customers supplied with the products and services they need, and we have taken necessary steps to secure raw materials and transportation inclusive of absorbing higher costs. As a leading ink supplier, Sun Chemical is working hard to mitigate rising costs whenever possible; however, the speed of the inflationary pressures necessitates we implement price increases in the market. The percentage of increase will vary from product line to product line due to the different situation of the raw materials, but it is going to be significant due to extraordinary cost escalation of materials, energy, freight, packaging, etc.’