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Sun set to raise packaging ink prices

Continued increases in the costs of raw materials and volatility in the supply chain will cause Sun Chemical to increase the prices of all of its packaging inks globally by an average 6% on 1 December.

“Raw materials cost and supply instability continue to significantly impact the ink industry,” explains Felipe Mellado, Sun’s chief marketing officer. “In fact, raw materials in 2011 experienced both a record level of volatility as well as unprecedented price increases. Titanium Dioxide, for example, experienced steep price increases reaching a level more than 50% higher than in early 2010.”

There were also very significant increases in nitrocellulose, energy cure resins, acrylics and other packaging resins, styrene, classical pigments, carbon black, vegetable oils, solvents, and additives. Feedstock shortages, commodity inflation, supply constraints and continued growth in demand from both traditional markets as well as from alternative industries such as adhesives, coatings are all cited as contributory factors.

“We regret needing to take this action, but as is occurring in virtually every industry today, current market conditions demand we adjust our prices,” says Mellado.

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Sun Chemical