Sun Chemical to increase prices for Screen Graphics & Industrial products in Europe

WEXHAM SPRINGS, UK − 1 July 2010 − Sun Chemical Europe today announced a 5-10% price increase for its Screen Graphics and Industrial products effective progressively from 1 July 2010.
The extreme market conditions currently experienced by the graphic arts industry, are a convergence of critical raw material shortages, increased demand from the Far East and the weaker Euro against other major currencies. These shortages are affecting the entire print industry and have therefore necessitated a price change within Sun Chemical’s Screen Graphics & Industrial markets.

With destocking, plant closures and capacity reduction taking place during the recession within the chemical industry, various materials have now been placed under sales control due to the increase in demand. The increased demand is not only coming from the graphic arts industry, but all industries using the same raw materials.

Felipe Mellado, CMO for Sun Chemical, commented: “the print industry is under significant pressure to ease the effect of increasing raw material costs. Sun Chemical is maximising its procurement effectiveness, whilst also focussing on technical and manufacturing efficiency to ensure that our flexibility of sourcing allows us to minimise disruption, but it has become necessary to implement price changes to maintain our commitment to customer service, world-class quality products and continuous innovation.”

About Sun Chemical

Sun Chemical, a member of the DIC group, is the world's largest producer of printing inks and pigments and a leading provider of materials to packaging, publication, coatings, plastics, cosmetics, and other industrial markets. With annual sales of more than $3.5 billion, Sun Chemical has over 10,000 employees supporting customers around the world.

 

Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A. For more information, please visit our Web site at www.sunchemical.com.

 

Contact(s):

Mariette Ferreira
Sun Chemical
Tel +44 (0) 1689 894 096
mariette.ferreira@sunchemical.com

Catherine Shuttlewood 
Grayling
Tel: +44 (0) 20 7592 7926
catherine.shuttlewood@grayling.com