Sun Chemical increases prices for packaging market
Sun Chemical is increasing prices for the commercial, packaging and industrial markets by between five per cent and 20 per cent because of increases in raw material, energy and transportation costs.
The increases cover Europe, Africa and the Middle East and are currently being implemented.
The primary reasons for these cost increases faced by Sun Chemical include the continued high prices of oil and natural gas, combined with governmental policies in China and global shortages of certain raw materials.
In July, Sun Chemical Europe announced price increases of 10 to 20 per cent for the publication market, depending on the product.
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