Sun Chemical Rycoline Group to Hike Prices
Due to continued increases in the costs of key raw materials such as textiles and rubber compounds, Sun Chemical's Rycoline Group will raise prices in North America by 5 percent on most blanket lines, effective Jan. 1.
The blanket product lines affected by the price increase include: SunBeam, SunBeam N, SunBeam 116, SunBeam 122, SunDot, SunSpot, SunDual and SunLazer.
"We've seen especially high demand in cotton in 2011 because of the year's poor harvest," said Dennis Sweet, Vice President, Rycoline. "As a result, there has been a tremendous increase in the cost of cotton, and we don't foresee any of these costs to go down in the near future. We will continue to work on controlling our own costs closely with our supply chain partners, to improve our internal operations, and to develop new value-oriented products and services that can help customers improve their productivity and grow their business."
For more information, visit www.sunchemical.com.