Sun Chemical will implement a new price increase affecting its solvent- and water-based liquid inks in Europe, effective January 15, 2019. Costs have risen annually on a variety of key raw materials used to manufacture inks, including solvents, acrylic derivatives, organic pigments, and polyols and isocyanates, which are the basic building blocks for numerous resins. Additionally, the ongoing initiatives in China to enforce tighter environmental regulations at chemical plants has resulted in ongoing supply disruptions. Click read more below for additional detail.
The sudden closure on Monday night of The MATLET Group’s Packaging Graphics printing and thermoforming facility in Pawtucket, R.I., appears to mark what may be the final chapter for the primarily sheetfed offset manufacturer of blister cards, folding cartons and other types of consumer packaging; menu printing; and fulfillment services.
Local station WLNE TV/ABC6 reported that some of the 100 workers employed at the 300,000-sq.-ft. plant showed up at work Tuesday morning, only to find police barring them from being able to enter the property. The employees told the television station that they had no advance warning that MATLET Group’s headquarters facility would be shut down.
One employee also played an automated message from MATLET Group CEO Gary Stiffler that was reportedly sent to employees at some point the day before. The recorded message said: “We’ve been seeking refinancing options of our debt and we are working with our current lender. Unfortunately, we have been recently notified that we’ve lost another significant piece of business. It is with great regret that I must inform you that we are closing the plant and the company, today, October 8th.”
This latest chapter follows what has been a gradual decline for The MATLET Group, which employed about 400 employees just two years ago and claimed to be the largest minority-owned commercial printing company in the U.S. It was also a Corporate Plus member of the National Minority Supplier Development Council.
more at source: https://www.piworld.com/article/matlet-group-suddenly-closes-rhode-island-plant/