The US-headquartered manufacturer said that as the unprecedented pace of inflationary cost movements continue to impact the entire spectrum of raw material and packaging components for the ink industry, without sign of stabilisation in sight, the industry is also being hit by abrupt rises of energy costs of all kinds, including electricity, gas, fuel, and diesel, “drastically impacting manufacturing costs and freights costs”.
The company, which had already increased prices across these portfolios in the EMEA region in January, said the current situation in Europe has already been adding up further on costs, with more uncertainties moving forward.
“Sun Chemical’s priority remains to keep supplying our customers, allowing them to keep their facilities operating. We continue to leverage our global network to secure our manufacturing and services efficiency,” said Mehran Yazdani, president for Global Packaging and Advanced Materials.
“However, the magnitude of recent energy related inflation cannot be absorbed and requires us to implement surcharges to our customers. The situation will need to be adjusted as it goes, and we can assure our customers that surcharges will be phasing out as the situation allows.”
Sun Chemical said it will communicate specific surcharges, which are in addition to previously announced price increases, directly with its customers, while any questions can be answered by local Sun Chemical sales representatives.
In January, Sun Chemical acquired SAPICI, a specialist in high-performance polyurethanes for coatings, flexible packaging and industrial adhesives.
