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Sun Chemical hikes ink prices by up to a fifth
Sun Chemical is raising its publication market prices by between 10 and 20% to reflect global rises in raw material, energy and transportation costs.
The increases will be implemented from 1 August and will not to affect any of the company's other sectors. The price increases will hit the ink manufacturer's customers in Europe, Africa and the Middle East.
Customers have been assured that the company is working with suppliers to keep costs to a minimum, but no price decreases are planned in the short term.
David Meldram, president of Sun Chemical Europe, said: "The considerable increases in the price of oil and natural gas, combined with governmental policies in China and shortages in certain raw materials, have had a dramatic impact on our costs.
"The printing industry is experiencing a challenging business environment in Europe, but these price increases are essential to enable us to continue to provide proactive support and advice to our customers, and to maintain our reputation for quality, service and innovation."
The price rises will affect customers globally
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Comments
Colin Thompson - 22 July 2008
The price rising will continue due to the `facts `of global rises in raw material, energy and transportation costs and the `biggest` reason is the Asian market can take `all` the supplies at the higher cost!
Companies like Sun have to make there profit from the MARKET SECTOR TO GIVE THEM THE HIGHEST PROFIT. More price rises to come!
Colin Thompson
Cavendish
www.cavendish-mr.org.uk
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