Sunchem will increase the prices of its entire packaging, commercial sheet fed and screen inks, coatings, consumables and adhesives in North America. This increase will take effect immediately or as permitted by the contract. The inflation environment in North America continues to affect the ink industry. Global geopolitical events have caused continuous pressure on Logistics availability and raised various costs to unprecedented levels. At the same time, the shortage of labor in the market has led to a sharp rise in wages and low efficiency of manufacturing facilities. The shortage of key raw materials continued, while the shortage of steel pushed the cost of steel drums and other packaging components to an all-time high. Sunchem will continue to seek strategies to mitigate these cost increases, but the company needs to take further actions to offset the impact of this price increase on its business.

Chrisparrili, President of Sun Chemical North America ink, said: “Our team continues to focus on ensuring the stable supply of our products to customers. The global influence of sunchem has helped ensure that the raw materials required for production are maintained. However, in order to ensure the sufficient supply of materials to manufacture products and deliver them to customers on time and with quality, the cost has reached a certain level, and sunchem needs to take measures to increase the price. In addition, global events will continue to affect our strategy And actions, we will evaluate every opportunity to mitigate these inflationary events and meet customers’ original expectations for our products. ” Sunchem will directly communicate the specific growth with customers. Customers with questions can contact the local sales representative of sunchem.

Previously, the European company of the flexible packaging business unit of Flint Group announced that it would raise the price from June 2022. Details of the price increase were not disclosed. In a statement issued on May 23, Flint said that the costs of some raw material categories continue to rise, and there is no sign of improvement. The costs of adhesives, additives, pigments, solvents and other materials continue to rise It said that inflation in several expenditure categories was worsening, “and the already problematic supply chain environment continued to suffer significant damage”.

Jesper B? Vice president and general manager of Flint Group flexible packaging division Europe? Dtkjer said: “our emphasis on supply reliability has had a significant financial impact on our business. In these unprecedented periods, we seek to adopt a phased and incremental approach to pricing adjustment. However, the expected weakness in raw material prices has not occurred and costs continue to rise significantly, so we are forced to raise prices. We will also continue to give priority to product quality, service and the security of supply to customers.”

In addition, in terms of printing plates, Agfa will increase its global offset plate prices from July 1. The Belgian based manufacturer said that since the second quarter of last year, it has been implementing quarterly price increases and surcharges to compensate for the significant cost increases it faces in raw materials, logistics, energy, packaging materials and labor.

In a statement released today, the company said: “the combination of continuous efficiency plan and quarterly price rise enables Agfa to make up for the highest inflation pressure it has faced in decades. Despite these efforts, it is unsustainable to continue to supply printing plates reliably without further action. Therefore, from july1,2022, its printing plate base price will increase by double digits, which is applicable to all orders.”

Frederick Dexing, vice president of sales of AGFA offset printing solutions, said: “What we continue to face is not only the historical high cost of raw materials, logistics and energy, but also the unpredictable supply of some of our key raw materials. In order to ensure the sustainable development of business operations, enable us to ensure adequate product supply, and continue to bring innovative products and high-quality services to customers, we have no choice but to increase the base price of printing plates.”

Agfa said that in order to support its customers to recover the cost growth in some industries, it is providing eco? The software program adds new tools to enable its customers to “significantly reduce ink consumption and minimize paper waste”. Details of the price increase were not disclosed. Earlier this month, Agfa announced that although the group faced an “unusual inflation background”, its EBITDA in the first quarter still increased significantly. Among them, the sales volume of offset printing solutions division in the first quarter increased by 11.6% to 189million euros.

In terms of paper, Mitsubishi HITEC paper euroze announced that it would raise the price of its full range of special paper (thermoscript, jetscript, giroform, supercote, barricote) by 12%. The new price will take effect from July 1st, 2022. The German paper maker said that the price increase was due to the continuous rise in costs, especially in the pulp, chemicals and freight fields. Mitsubishi sales team will contact customers directly.