Sun Chem to increase global pigment prices

Jun 24, 2008 4:31 PM

Citing a dramatic spike in raw material, energy and transportation costs, Sun Chemical Corp.’s (Parsippany, NJ) Performance Pigments Division has announced it will increase global pigment prices on average by 10 to 30 percent effective July 1, 2008.

“The hyperinflation of oil and natural gas has led to dramatically higher energy, raw material and freight costs,” says Myron Petruch, president, Performance Pigments, Sun Chemical. “In addition, there have been dramatic cost increases in intermediates and pigments out of China and other parts of Asia. Costs are escalating quicker and in higher amounts than at any time in the last 30 years.”

This price increase is in addition to the price increases announced in February 2008, and will affect pigments in all forms, including dry, preparations and flushes.

“There is no short-term relief in sight for these rising costs, however, we will continue to look for cost reduction and productivity gains to offset the rising costs of raw materials,” says Petruch.

http://www.sunchemical.com

Resource Center