Sun Chemical has decided to increase prices of commercial sheetfed inks, coatings, and adhesives in EMEA, effective March 1, 2021, due to an increase in raw material cost.
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 of product strategy for EMEA at Sun Chemical, said: ‘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 minimize the impact on our customers.’
Sun Chemical claims to be working hard to mitigate rising costs by implementing internal improvement programs and 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.