PARSIPPANY, N.J. – February 15, 2017 – Due to the escalating costs of titanium dioxide (TiO2), Sun Chemical will increase the prices of all inks containing TiO2 effective March 15th.
Titanium dioxide prices have increased steadily since the third quarter of 2016 and now with the declaration of a force majeure at one of the largest TiO2 manufacturing plants for printing inks grades, there will be significantly higher surcharges for the remainder of 2017.
“Sun Chemical is trying to mitigate the extent of the increase to our customers by qualifying new grades and developing new sources, but volatility in the marketplace forces us to make the appropriate adjustment on the price of inks using titanium dioxide,” said Felipe Mellado, Chief Marketing Officer and Board Member, Sun Chemical.
The level of the price increase will be communicated individually to each customer and the cost increase will depend on the pigment grades they use and the available alternatives.
About Sun Chemical
Sun Chemical, a member of the DIC group, is a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. Together with DIC, Sun Chemical has annual sales of more than $7.5 billion and over 20,000 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 sunchemical.com.