Sun Chemical (Parsippany, NJ) will increase prices on its liquid inks and coatings for flexible packaging for its customers across all regions effective January 1, 2018. The percentage increase will be in the high single digits, said the company, and will vary depending on the product composition and the product line. Sun Chemical said it will communicate specific increases directly with its customers. Since the end of 2016, costs have risen on an annual basis and further increases are expected for 2018. These, said Sun Chemical, are mainly due to production and environmental restrictions on key materials – especially in China where there’s been an unprecedented number of incidents and escalations beyond the company’s control in the prices of oil, solvents and key monomers for polyurethane (PU) resins. Also, the available supply of titanium dioxide (TiO2) white pigment remains tight, resulting in continued cost increases.
“The high levels of raw material costs are unprecedented, and as a result make it necessary for us to keep our ink prices under review,” said Felipe Mellado, Chief Marketing Officer at Sun Chemical. “We work proactively with our supply chain partners to manage and minimize costs, but due to economic realities, cost pressures have been constant and significant price increases are being passed on to the inks industry. To ensure we maintain high levels of product quality and service, it’s become necessary to increase customer prices.”