A recurring theme among ink manufacturers is the relentless upward pressure they are experiencing on raw material pricing combined with the supply chain challenges of sourcing some key ingredients.
The latest announcement comes from Sun Chemical who will be raising prices for all white packaging inks and inks incorporating Violet 23. Effective May 1, all solvent- and water-based white inks will increase by a minimum of 10 percent, and all solvent- and water-based Violet 23 inks will go up by a minimum of 20 percent, dependent upon the amount of Violet 23 in the colour formulation.
“We regret needing to take this action, but the shortages and subsequent increases in costs for the raw materials needed to manufacture packaging inks have placed us in a position where we need to raise our prices,” sys Tony Renzi, vice president of product management, liquid inks, North American Inks, Sun Chemical in the announcement.
