Sun Chemical said it is experiencing steep increases in raw materials and intermediates driven by volatility and availability in oil and gas supply. The company also pointed to higher transportation, logistics and insurance costs, especially for shipments through critical trade routes.

Supply chain disruptions are contributing to longer lead times, affecting availability and reliability, while energy costs have increased significantly in certain regions.

“We are in close contact with our suppliers and service providers to identify product production risks and to assess how to mitigate cost increases to the greatest extent possible. Despite our continuous effort, the cumulative increases of costs, fees and expenses, caused by aforementioned factors outside our control, necessitate price increases and surcharges to safeguard supply continuity and maintain quality and service standards.”

Sun Chemical said it will communicate specific pricing and surcharge details directly to customers and provide updates as conditions evolve.