Recently, Sun Chemical announced an overall increase in the price of packaging inks and coatings, ranging from 3% to 7%. In fact, starting from October 1, Sun Chemical has already started to implement the price increase plan. The areas of price increase this time include the United States, Canada and Mexico. The products include flexo inks, folding carton inks and paper packaging inks.
Sun Chemical said that the sun's chemical products, the main raw material is petrochemical products. In recent months, along with soaring oil prices, the prices of petrochemical products have continued to rise. In addition, the increase in environmental protection expenditures, transportation costs, and even the increase in the health costs of employees have all led to an increase in the cost of solar chemical production. However, some key raw materials such as TiO2, acrylic acid derivatives, and nitrocellulose resins, due to the suspension of production or production cut in North America, have the possibility of delays in supply, which also affects the normal production of production to some extent.
Sun Chemical's related sources also said that this price increase does not fully compensate for the rise in production costs. Sun Chemical has not made any price adjustments for four years. During this period, Sun Chemicals has been reducing production costs by increasing production efficiency and increasing investment. However, the current increase in production costs has exceeded the limit that solar chemistry can withstand and digest. Even basic profits cannot be guaranteed. It was in a state of frustration that solar chemistry decided to raise prices. Sunchem also hopes that users can understand this.
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