Sun Chemical and its parent company DIC Corp. will amend their existing transportation surcharge. To reflect cost dynamics in the global energy market, an energy surcharge on the entire color materials portfolio will become effective from April 1, 2022.
Previously: Sun Chemical Increases Price on Color Materials Portfolio
As the pace of inflationary cost movements continues to impact the entire spectrum of raw material and packaging components for the color materials industry, the industry is also being hit by abrupt rises in energy costs including electricity, gas and diesel therefore impacting manufacturing costs and freights costs.
Sun Chemical and DIC will communicate specific surcharges, which are in addition to previously announced price increases, directly with its customers.
“Our priority remains to keep supplying our customers, allowing them to keep their facilities operating,” said Stefan Sütterlin, president of global color materials. “We continue to leverage our global network to secure our manufacturing and services efficiency. However, the magnitude of recent energy-related inflation cannot be absorbed and requires us to implement surcharges. The situation will need to be adjusted as it goes, and we can assure our customers that surcharges will be phased out as the situation allows.”
