Sun Chemical To Increase North America Packaging Ink Prices in 2008

Pettifor also cited the rapid rise in global prices for chemicals and metals used in the production of inks, coatings, and pigments, and the significant rise in oil prices combined with the current weakness of the U.S. dollar, as market drivers for the need to increase packaging ink prices. Furthermore, a shortage of key raw materials for pigments, a shrinking supplier base, and solvent pricing impacted by alternative uses for ethanol, along with increases in other costs such as energy, freight, and labor, are all contributors.