Sun Chemical will increase the prices of its energy
curable, solvent, and water coatings as well as energy curable inks in North America , effective May 15.
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, according to the company.
“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. “The activities that occurred in 2018
have continued to affect supply of photoinitiators into 2019 and with the
recent chemical plant explosion and fires at the Yancheng
Industrial Park in China
No comments:
Post a Comment
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.