Used in the production of explosives as well as solvent inks, demand in the nitrocellulose market has soared
Sun Chemical Packaging and Graphics are to increase prices across its entire portfolio of products containing nitrocellulose in Europe, Middle East, and Africa, due to significant raw material cost increase. The price increase is effective immediately, or as contracts allow, and will vary based on the type and nitrocellulose content of each product.
Nitrocellulose, a key component in solvent-based printing inks, is also used to produce automotive paints, wood varnishes, cosmetics, as well as explosives, propellants and ammunitions. The recent geopolitical conflicts and associated decisions towards rearmaments have drastically increased nitrocellulose market demand, leading to supply chain tensions and higher pricing.
“We are facing significant raw material cost increases, necessitating higher prices,” said Mehran Yazdani, President of Global Packaging and Advanced Materials at Sun Chemical. “Sun Chemical’s primary objective is to keep our customers supplied with the packaging solutions and services they need”.
Sun Chemical states that, as a leading ink supplier, it is working to mitigate rising costs by implementing internal improvement programs and maintaining very close communication with its suppliers to ensure it is fully aligned with the most recent supply situation. The company says it will communicate specific price increases directly to its customers.
In parallel, Sun Chemical are keen to highlight that they also offer a broad range of nitrocellulose-free solutions including inks, coatings and adhesives solutions for lamination and surface printing, suitable for flexography or rotogravure, to meet the evolution of recycling goals.
Customers with questions can contact their local Sun Chemical sales representative.