Sun Chemical and DIC Corp. Announce Price Increase on Color Materials Portfolio
PARSIPPANY, NJ – Sun Chemical and the DIC Corp. will increase prices across select parts of the color materials portfolio, effective July 1, 2022, or as contracts allow. The price increase affects all market segments.
According to Sun Chemical and DIC Corp, the cost increase for key raw materials and packaging components as well as the inflationary pressure on manufacturing operations persist. Energy and logistics costs remain at historically high levels, and the uncertainties due to the Russia-Ukraine crisis and COVID-19 related lockdowns in China are negatively affecting global value and supply chains. The ongoing escalations reportedly make it necessary for the company to increase prices for several product lines of its pigments, dyes and preparations portfolio. The price increases are in addition to those previously announced, including energy and transportation surcharges.