Sun Chemical will increase the price of its solvent- and water-based liquid inks in Europe on 15 January 2019.
In explanation Felipe Mellado, chief marketing officer, Sun Chemical, said: “The increasing raw material costs continue at an unprecedented rate and require us to increase customer prices. We will continue to work with our supply chain partners to manage and minimise the impact on our customers."
In a statement, Sun said costs have risen annually on a variety of key raw materials used to manufacture inks, including solvents, acrylic derivatives, organic pigments and polyols and isocyanates - basic building blocks for numerous resins. Additionally, the ongoing initiatives in China to enforce tighter environmental regulations at chemical plants has resulted in ongoing supply disruptions.