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Ink company hikes prices above inflation

The US company Sun Chemical with plants in Midsomer Norton in Somerset and Rochdale in the Midlands has announced increases in the cost of their ink products from next month.

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Sun Chemical has announced an increase in ink prices well above inflation

With a hike in prices of between four and six percent, the company are piling on the pressure to print companies which are battling to retain market share by not hiking their prices as inflation is around two and a half percent.

Felipe Mellado of Sun Chemical says: “While Sun Chemical is working hard to safeguard supply and mitigate the shortage of photoinitiators by qualifying new grades and developing new sources, the high levels of raw material costs are unprecedented and have been passed on to ink manufacturers. It has been difficult to offset the rising raw material costs on our energy curable inks and unfortunately this has forced us to pass some of these costs on to our customers.”

The company is actually a subsidiary of a Sun Chemical Group in Holland while its main centre is in New Jersey in America.

Sun Chemical will increase the prices of all ultraviolet (UV) and electron beam (EB) inks in Europe by 4 to 6 percent, effective July 1st 2018

In a statement the company says: “Sun Chemical will increase the prices of all ultraviolet (UV) and electron beam (EB) inks in Europe by 4 to 6 percent, effective July 1st 2018. As announced previously, governmental initiatives and regulations geared toward environmental protection have caused many suppliers of photoinitiators to either cease or reduce production for limited periods of time.

“Additionally, as outlined by the European Printing Ink Association, photoinitiator supply has also been impacted by major incidents, including a factory fire, unforeseeable events, low stocks, unplanned maintenance, and production outages. In addition to the photoinitiators, increases in key oligomers and monomers have impacted pricing for all energy cure systems.”

Previously Sun Chemical and Flint Group CPS Inks Division increased prices earlier this year above the rate of inflation citing problems in buying raw materials and new legislation to reduce harmful ingredients.

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