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Sun Chemical to Increase Prices on Inks, Coatings, and Adhesives in EMEA, North America and Latin America

EMEA

Sun Chemical will increase prices across a broad portfolio of its packaging and commercial sheetfed inks, coatings, and adhesives in Europe, Middle East, Africa (EMEA), effective March 1, 2021.

A combination of raw material shortages, including petrochemical, vegetable oils and derivatives, dramatically increased international freight transport costs, and demand due to economic recovery, are all contributing factors for the cost increases in Sun Chemical’s raw material feedstocks.

Nicolas Bétin, Director Product Strategy EMEA at Sun Chemical, says: “The pressure across the supply chain is causing an abrupt rise in raw material costs and unfortunately requires us to increase customer prices. We will continue to work with our sourcing partners to manage and minimise the impact on our customers.”

North America

Sun Chemical will increase prices across a broad portfolio of its packaging and commercial sheetfed inks, coatings, and adhesives in North America, effective March 15, 2021.

A combination of raw material shortages, including petrochemical, vegetable oils and derivatives, dramatically increased international freight transport costs, and demand due to economic recovery, are all contributing factors for the cost increases in Sun Chemical’s raw material feedstocks.

“These unprecedented dynamics have resulted in significant inflationary pressure which requires us to raise prices to offset these costs,” said Chris Parrilli, President of North American Inks, Sun Chemical. “We will remain focused on supplying our customers with best-in-class solutions. Our customers can rest assured that Sun Chemical will continue to deliver the support and services they need to succeed.”

Latin America

Sun Chemical will increase prices across a broad portfolio of its packaging and commercial sheetfed inks, coatings, and adhesives in Latin America, effective March 15, 2021.

A combination of raw material shortages, including petrochemical, vegetable oils and derivatives, dramatically increased international freight transport costs, and demand due to economic recovery, are all contributing factors for the cost increases in Sun Chemical’s raw material feedstocks.

“The current market dynamics have created a situation which requires us to raise prices to offset raw material cost increases,” said Fernando Tavara, President, Sun Chemical Latin America. “We will continue to work with our suppliers to minimize impact to our customers through this unprecedented time.”

As a leading ink supplier, Sun Chemical is working hard to mitigate rising costs by implementing internal improvement programs and by maintaining very close communication with its suppliers and industry associations to ensure it is fully aligned to the latest procurement situation. Sun Chemical will communicate specific increases directly with its customers.

Source: Sun Chemical

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