Sun Chemical (Parsippany, New Jersey) has announced price increases and surcharges across all its product divisions, effective immediately. The company cited geopolitical developments in the Middle East, particularly the situation involving Iran, as significantly disrupting global energy markets, chemical feedstock supply and logistics routes.

The company said it is experiencing steep increases in raw materials and intermediates driven by volatility in oil and gas supply, compounded by higher transportation, logistics and insurance costs especially for shipments through critical trade corridors. Supply chain disruptions are also contributing to longer lead times, affecting both product availability and scheduling reliability.

"We are in close contact with our suppliers and service providers to identify product production risks and to assess how to mitigate cost increases to the greatest extent possible," the company stated. "Despite our continuous effort, the cumulative increases of costs, fees and expenses, caused by aforementioned factors outside our control, necessitate price increases and surcharges to safeguard supply continuity and maintain quality and service standards."