Sun Chemical Performance Pigments Announces Price Increase
CINCINNATI – Faced with dramatic increases in the cost of Azo intermediates and related raw materials, Sun Chemical Performance Pigments will raise its global prices on Azo pigments, specialty pigments and their pigment preparations, effective Jan. 1, 2018.
"The cost of Azo intermediates and other key raw materials have increased significantly and continue to do so, impacting the pigment industry," said Chris Weighill, Vice President and Global Classical Pigment Product Manager, Sun Chemical Performance Pigments. "The expectation is that there will be no short-term relief in sight for these rising costs — forcing us to increase our prices. While we regret the necessity to take this action, current market conditions dictate that we must adjust our prices. We will continue to explore other cost reduction opportunities and productivity gains to offset the rising costs of raw materials."