Sun Chemical (Parsippany, NJ) will increase prices across its entire portfolio of packaging, commercial sheetfed and screen inks, coatings, consumables and adhesives in North America, effective immediately – or as soon as existing contracts allow. The inflationary environment in North America has continued to impact the ink industry, the company pointed out. “Global geopolitical events have caused sustained pressure on logistics availability and have increased costs to unprecedented levels. The constrained accessibility to labour in the market has driven significant wage inflation while contributing to inefficiencies at manufacturing facilities,” Sun added. “Key raw materials continue to experience scarcity while steel shortages drive costs for steel drums and other packaging components to historic highs. Sun Chemical continues to seek mitigation strategies to these cost increases, however, the magnitude and speed of increases required further action to offset impacts to our business.”
Chris Parrilli, President of North American Inks at Sun Chemical, added that global events will continue to influence the company’s strategies and actions as they “evaluate every opportunity to mitigate recent inflationary events.” The company will communicate specific increases directly to their individual customers. Clients with any questions can reach out directly to their local Sun Chemical sales representative.