Myron Petruch

Due to a dramatic spike in raw material, energy and transportation costs, Parsippany, New Jersey-based Sun Chemical’s Performance Pigments Division will increase global pigment prices on average by 10 percent to 30 percent effective July 1. “The hyper inflation of oil and natural gas has led to dramatically higher energy, raw material and freight costs,” said Myron Petruch, president, Performance Pigments, Sun Chemical. “In addition, there have also been dramatic cost increases in intermediates and pigments out of China and other parts of Asia. Costs are escalating quicker and in higher amounts than at any time in the last 30 years.”