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Sun Chemical Performance Pigments increases global prices on high performance and violet 23 pigments

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

Faced with continued increases in the costs of raw materials and volatility in the global supply chain, Sun Chemical Performance Pigments raised global prices on Quinacridone and Perylene high performance pigments by up to 10 percent and Violet 23 pigments by $4.50 per pound, effective May 1

“For over two years, the cost of raw materials and supply instability has significantly impacted the pigment industry and there is no short-term relief in sight for these rising costs—forcing us to increase prices,” said Mehran Yazdani, vice president, marketing, Sun Chemical Performance Pigments. “We regret needing to take this action, but as is occurring in virtually every industry today, current market conditions demand we adjust our prices. We will continue to look for cost reduction and productivity gains to offset the rising costs of raw materials.”

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