Sun Chemical will implement price increases and surcharges across all its product divisions, effective immediately.
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Adjustments due to ongoing Middle East geopolitical tensions
These adjustments result from ongoing geopolitical developments in the Middle East, notably the situation involving Iran, which are significantly impacting global energy markets, logistics routes, and chemical feedstock availability. Like many companies, Sun Chemical is experiencing:
- Steep raw materials and intermediates price increases driven by volatility and availability in oil and gas supply.
- Higher transportation, logistics and insurance costs, particularly for shipments through critical trade routes.
- Longer lead times caused by disruptions in supply chains, affecting availability and reliability.
- Higher energy costs, and significantly higher in certain regions.
Sun Chemical is in close contact with their suppliers and service providers to identify product production risks and to assess how to mitigate cost increases to the greatest extent possible. Despite the continuous effort, the cumulative increases of costs, fees, and expenses, caused by aforementioned factors outside their control, necessitate price increases and surcharges to safeguard supply continuity and maintain quality and service standards.
Sun Chemical will communicate specific price increases and surcharge information directly to its customers and provide them with updates as the situation in the Middle East evolves.
Customers with questions can contact their local Sun Chemical sales representative.