The US-headquartered company said the supply chains of colour and white pigments have been severely impacted by diverse challenges in recent months, including cases of disruption, shortage, insolvency, and anti-dumping import tax, as well as further increasing sea freight rates from Asia.
These factors have been driving up the cost of Sun Chemical’s ink products, encompassing both colour and white inks, it stated.
Mehran Yazdani, president of Global Packaging and Advanced Materials at Sun Chemical, said: “The pressure across the supply chain is causing significant rise in inks raw material costs and unfortunately requires us to increase prices.
“We will continue to work with our sourcing partners to manage and minimise the impact on our customers.”
The company further stated: “As a leading ink supplier, Sun Chemical is working hard to mitigate rising costs by implementing internal improvement programs and by maintaining very close communication with its suppliers and industry associations to ensure it is fully aligned to the latest procurement situation.
“Sun Chemical will communicate specific increases directly with its customers.”
The business said customers with questions could reach out to their local Sun Chemical sales representative.
Earlier this year Sun Chemical implemented freight surcharges on certain products, due to geopolitical instability in the Red Sea area at the time and the corresponding rise in shipping costs and drop in global sea-trade capacity.
