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Home / Knowledge / News / Textiles / Sun Chemical hikes prices of all products in North America

Sun Chemical hikes prices of all products in North America

06
Sep '18
Courtesy: Sun chemical
Courtesy: Sun chemical
Sun Chemical will increase prices across its entire portfolio of ink, coating, and consumable products in North America, effective October 1, 2018. Sun Chemical, a member of the DIC group, is a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials, based in the US.

A combination of ongoing raw material supply disruptions, the escalation of transportation costs, and governmental initiatives, ranging from tariffs to changes in environmental regulations, continue to challenge the supply chain and drive up the cost of products.

“The increasing raw material costs are unprecedented and as a result we must continue to review our ink, coating, and consumable prices. While we continue to work with our supply chain partners to manage and minimise impact, the cost pressures have been significant. To ensure we maintain our high levels of product quality and service, it is necessary to increase customer prices,” Chris Parrilli, president of North American Inks, Sun Chemical said in a press release. (GK)

Fibre2Fashion News Desk – India


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