Sun Chemical Raises Ink Prices, Adds Fuel Charge
Sun Chemical has announced a new round of price increases effective July 1 which will see the price of inks rise by as much as 14 percent.
“We have seen unprecedented cost increases on many raw materials including nitrocellulose, acrylic and polyamide resins, TiO2, and Violet 23 pigments. We’re also facing significant surcharges for the cost of freight due to the steep price of oil,” said Rod Staveley, President, Sun Chemical Canada. “We simply cannot offset the drastic raw material price increases and global supply chain instability we have seen this past year across all our product lines. Despite these challenges, we are looking for ways to work closely with our supply chain partners on controlling our own costs.”
Below are the increases outlined by Sun Chemical:
• 4 to 14 percent for solvent-based inks;
• 10 percent for heatset inks;
• 8 percent for coldset black inks;
• 6 percent for coldset colour inks;
• 4 to 6 percent for water-based inks;
• 4 to 6 percent for water-based coatings; and
• 10 percent on all blanket and roller washes.
Sun Chemical will also implement a temporary fuel surcharge which is dependent on the cost of diesel. "Beginning at $0.02/kg for diesel gas prices ranging between $1.06-$1.10/litre, the surcharge will increase $0.01/kg for every $0.05 increase in diesel fuel."
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