Press release from the issuing company
PARSIPPANY, N.J., U.S.A. – Faced with continued volatility in the global supply chain and increases in the costs of raw materials, including acrylic and polyamide resins, rosin resins, distillates, carbon black, TiO2, Violet 23 and nitrocellulose, Sun Chemical will raise prices on July 1, 2011 in the United States and Canada by:
"We have seen an unrelenting elevation of costs on raw materials such as nitrocellulose, which has a price increase of over 15 percent announced for July 1 based on a 32 percent increase for cellulose, the base feedstock. We simply cannot offset the drastic raw material price increases we have seen this past year across all our product lines," said Tony Renzi, Vice President of Product Management, Liquid Inks, North American Inks, Sun Chemical. "Despite these challenges, we are looking for ways to work closely with our supply chain partners on controlling our own costs."
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