Parsippany, New Jersey-based Sun Chemical has announced it will increase the prices of its energy-curable inks, solvent and water coatings in North America effective May 15, 2019.
A global shortage of photoinitiators will cause prices of energy-curable coatings and energy-curable inks to increase while cost escalations in energy and raw materials throughout the first quarter of 2019 will drive the need to increase the prices of solvent and water coatings.
“Government initiatives and regulations geared toward environmental protections have caused many suppliers of photoinitiators to either cease or reduce production for limited periods of time, resulting in an unprecedented increase in raw material costs and shortage of photoinitiators,” said Felipe Mellado, chief marketing officer and board member, Sun Chemical.
For more information, visit www.sunchemical.com.
