By: E&P Staff
As raw materials and operating costs continue to increase, Sun Chemical Corp., parent company of US Ink, earlier this week announced North American price increases of as much as 11% for commercial, publication and news inks, effective Oct. 1.
At week’s end, an executive at US Ink said specific increases for each type of ink are still under discussion, but that a decision is expected shortly.
The Flint Group earlier announced price hikes to take effect on the same date (E&P Online, Aug. 27).
Noting in particular the effects on colorants from pollution-related closures of intermediates manufacturing plants in China, that country’s elimination of value-added-tax refunds that had long benefited pigment makers, and the return of near-record prices for crude oil, Sun Chemical Group President Greg Lawson said in a statement that his company “will continue to invest in those area’s that provide our customers with innovative products and services allowing them to present the best value propositions in the market.”
Sun Chemical Corp., Parsippany, N.J., is a subsidiary of Sun Chemical Group B.V., the Netherlands, the world’s largest producer of printing inks and pigments.