Company News, Financial News

Sun To Raise Silicone Prices

Shortages, cost pressures are to blame.

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By: TOM BRANNA

Editor

Due to continued shortages and ongoing cost pressure in silicone and silicone-based materials, Sun Chemical will increase prices by 30 percent on its entire silicone-based product line in North America, effective May 1, 2018.


“The ongoing silicone shortage has caused our suppliers to continue increasing prices beyond anything we have seen in recent years,” said Dennis Sweet, VP-commercial, rycoline and distributors, North American Inks, Sun Chemical. “While Sun Chemical has utilized all its resources to offset these shortages and increases, we need to pass some of these increases on.”

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