PARSIPPANY, N.J., USA – February 1, 2022 – Sun Chemical will increase prices across selected parts of its pigments, dyes and preparations portfolio, effective February 14, 2022 or as contracts allow. The price increase affects all market segments.
Continuous inflationary pressure and further price spikes for key raw materials continue to drive cost increases. Additionally, the strong impact of the global transportation crisis and inflation on the different components of the manufacturing process are worsening the situation.
“We need to take this action due to the current market conditions,” said Stefan Sütterlin, President of Sun Chemical’s Color Materials division. “Sun Chemical values the relationship we have with our business partners, and we remain committed to continuous cost and productivity improvement programs designed to keep our cost drivers under control and provide maximum value to our customers. However, the unprecedented magnitude and speed of increases in materials forces us to pass on higher cost to our customers.”
Sun Chemical will communicate specific increases directly with its customers. Customers with questions can reach out to their local Sun Chemical sales representative.
About Sun Chemical
Sun Chemical, a member of the DIC Group, is a leading producer of packaging and graphic solutions, color and display technologies, functional products, electronic materials, and products for the automotive and healthcare industries. Together with DIC, Sun Chemical is continuously working to promote and develop sustainable solutions to exceed customer expectations and better the world around us. With combined annual sales of more than $8.5 billion and 22,000+ employees worldwide, the DIC Group companies support a diverse collection of global customers.
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 website at www.sunchemical.com or connect with us on LinkedIn or Twitter.