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Sun Chemical raises offset ink prices

Tuesday, 13 February 2018
By Print21

Sun Chemical will increase prices on all offset inks and coatings for its customers from 1 March, following a similar move announced last week by its major competitor Flint Group.

The percentage increase will be in the high single digits and will vary dependent on the product composition and product line, said a company press release. Sun Chemical will communicate specific increases directly with customers.

Sun Chemical says that since the end of 2016, costs have risen on an annual basis and further increases are expected for the remainder of 2018. These are mainly due to production and environmental restrictions on key materials, especially in China where there has been an unprecedented number of force majeure incidents and escalations in the prices of oil, solvents, distillates and pigments.

‘Cost pressures have been constant’: Felipe Mellado, chief marketing officer, Sun Chemical.

“The high levels of raw material costs are unprecedented and as a result make it necessary for us to keep our ink prices under review,” says Felipe Mellado, chief marketing officer, Sun Chemical. “We work proactively with our supply chain partners to manage and minimize costs, but due to the economic reality, cost pressures have been constant and significant price increases are being passed on to the inks industry. To ensure we maintain high levels of product quality and service, it has become necessary to increase customer prices.”

Flint Group is raising its global prices on offset and publication gravure inks, coatings and pressroom consumables by up to nine percent from 1 March of this year, with details of the increases for the Australian and New Zealand market yet to be announced.

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