Tariffs, Middle East Conflict Impact Ink Industry

The situation in the Middle East continues to be tense and the outcome uncertain. The Strait of Hormuz is still largely shut, and the ink industry has been hit hard because so many of its raw materials come from oil. Prices on many of the key raw materials essential to ink manufacturers – solvents, resins, binders, and additives – are rising. As a result of these rising crude oil prices, ink manufacturers have had to raise prices. Sun Chemical and hubergroup announced increases and surchar...