Sun Chemical boosts pigment prices

Tag : Pigment Intermediates

By Tom Stundza -- Purchasing, Citing a dramatic spike in raw material, energy and transportationcosts, Sun Chemical’s Parsippany, N.J.-based PerformancePigments Division has announced it will increase global pigmentprices on average by 10% to 30% in July.

“The hyperinflation of oil and natural gas has led todramatically higher energy, raw material and freight costs,” says Myron Petruch, president of the performance pigments division,in a statement. “In addition, there have been dramatic cost increases inintermediates and pigments out of China and other parts of Asia.Costs are escalating quicker and in higher amounts than at any timein the last 30 years.” Sun Chemical makes printing inks andpigments used by the packaging, publication, coatings, plastics,cosmetics and other industrial industries.

This price increase is in addition to the price increases announcedin February, and will affect pigments in all forms, including dry,preparations and flushes. “There is no short-term relief insight for these rising costs, however, we will continue to look forcost reduction and productivity gains to offset the rising costs ofraw materials,” says Petruch.