PARSIPPANY, N.J., USA – January 26, 2022 – Sun Chemical will increase prices across its entire portfolio of inks, coatings, consumables and adhesives in Latin America, effective immediately or as contracts allow.
Unprecedented inflationary pressure and shortages of materials continue to have a strong impact on the raw materials and packaging markets, and the global transportation crisis is a contributing factor in driving further cost increases. Additionally, the strong impact of inflation on the different components of the manufacturing process is aggravating the situation. Sun Chemical continues to work to mitigate the impact of these increases. However, the magnitude and speed of these require the company to increase prices to offset the impact on the business.
“Sun Chemical maintains its commitment to provide its customers with the highest quality products on the market and continues to leverage on its global network to ensure the supply of the raw materials necessary to manufacture these products,” said Fernando Tavara, President of Sun Chemical Latin America. “However, our cost optimization programs are not enough to compensate for the magnitude and speed of increases in materials, so we need to raise prices to our customers to ensure continuity in the supply of our products with the expected qualities.”
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.