PARSIPPANY, N.J., U.S.A. − October 31, 2008 − Sun Chemical will be implementing a seven percent price increase for publication inks in North America effective December 1, 2008.
"The price of oil has receded in recent weeks, but the costs of pigments, pigment intermediaries, resins and other key additives continue to increase," said Dennis Sweet, Vice President, Product Management, Publications Inks, Sun Chemical. "These additional components make up the largest percentof most heatset products that we manufacture. While the recent price of oil has helped reduce this impact, our total costs continue to increase"
In addition to the increasing costs of pigments and other raw materials, other factors for the price increase include transportation costs and the uncertainty over future commodity pricing and currency markets worldwide.
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