20th June 2019

FORCE MAJEURE DECLARED AFTER HURRICANE

Coatings materials suppliers are starting to warn of supply shortages in the wake of Hurricane Harvey. The hurricane damaged or impaired a considerable number of petrochemicals facilities in the area around Houston, TX, and as a result feedstock suppliers are declaring force majeure and are unable to fulfil supply commitments in the near-term.

“Our thoughts go out to all those impacted by Hurricane Harvey and the devastation caused by this storm,” said Felipe Mellado, chief marketing officer and board member, with Sun Chemical. “The devastation from this hurricane has impacted businesses near and far and we are working closely with our supply chains to ensure minimal disruptions to our customers.”

Due to the unprecedented impact and devastation in the wake of Hurricane Harvey, he stated, several of Sun Chemical’s feedstock suppliers have announced a force majeure and many other raw materials suppliers are reviewing allocations.

While the volatility of the supplier markets is unknown at this point, the inks and pigments markets will be affected. Sun Chemical is committed to working closely with its suppliers to assess global ramifications, develop needed contingency plans, and to notify customers of potential delays or issues.

He added that Sun Chemical will continue to communicate information as more becomes available. The company, a member of the DIC group, is a major producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. Together with DIC, Sun Chemical has annual sales of more than US$7.5-billion and over 20,000 employees around the world.

www.sunchemical.com