By: E&P Staff
Effective July 14, Sun Chemical North America is applying a $0.10/pound energy and material surcharge to news inks, directory inks, coldest, heatset, publication gravure, solvent packaging and energy curing inks.
Sale Vice President Greg Lawson attributed the surcharge to continuing costs increases for raw materials, production energy requirements and shipping.
Sun Chemical’s action follows price hikes by Flint Group North America and Central Ink Corp., both of which were to take effect July 1. Flint placed a surcharge of $0.10/pound on all heatset, coldset and news inks. Central Ink raised all non-heatset black inks $0.12 per pound, all non-heatset color inks by 8%, and all heatset color inks by 6%.
Separately, The Morning Herald, Hagerstown, Md., reports today that Sun Chemical is closing its plant near Williamsport, Md., in two weeks and moving production to other plants.
The paper quotes Plant Manager Patrice Slodysko telling employees in a letter that “escalating raw material costs, a slower U.S. economy and the financial restructuring of major customers are factors that are contributing to a lower than anticipated demand for publication inks this year.”