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Sun Chemical Issues Price Increases Across All Product Divisions  

This is a result of ongoing geopolitical developments in the Middle East, impacting global energy markets, logistics routes & availability.

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By: Rachel Klemovitch

Assistant Editor

Sun Chemical will implement price increases and surcharges across all its product divisions, effective immediately.

These adjustments result from ongoing geopolitical developments in the Middle East, notably the situation involving Iran, which is significantly impacting global energy markets, logistics routes, and chemical feedstock availability.  

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.

Like many companies, Sun Chemical is experiencing:

  • Steep raw materials and intermediates price increases driven by volatility and the availability of 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 affect availability and reliability.
  • Higher energy costs are significantly higher in certain regions.

The company said, “We are in close contact with our suppliers and service providers to identify  product production risks and to assess how to mitigate cost increases to the greatest extent possible. Despite our continuous effort, the cumulative increases of costs, fees, and expenses, caused by aforementioned factors outside our control, necessitate price increases and surcharges to safeguard supply continuity and maintain quality and service standards.”

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