Faced with continued increases in raw materials and operating costs, Sun Chemical will increase prices by 12 percent for publication inks effective July 1, 2008.
“Crude oil prices have made an unprecedented rise over the last six months, increasing by over 45 percent from what were already record levels in early December 2007,” said Greg Lawson, V.P. Sales, Sun Chemical North America. “We are seeing the effect of these increases in the many oils, resins and other hydrocarbon-related raw materials we use, as well as in the transportation costs of everything we buy or sell. This run-up in costs is being driven by many factors, most notably the continuing tight supply/demand balance for oil, as well as the weakening dollar and the attractiveness of commodity markets as alternative investments.”