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IGM Resins Announces Price Increase for Its Photoinitiator Portfolio

Increases driven by global shortage for several key raw materials for photoinitiator production, excessive increase in energy and transportation costs.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Due to continued significant increases in costs, IGM Resins is announcing further price increases on its Omnirad, Esacure and Omnipol photoinitiator portfolio.

Key drivers for these increases are the impact of the global shortage for several key raw materials for the production of photoinitiators and the excessive increase in energy and transportation costs over the last months, impacting IGM’s costs position with immediate effect. The increases will be effective as of Nov. 1, 2021 and will vary per product per region.

IGM Resins continues to focus on providing security of supply to its customers around the world. Specifically, its site in Mortara, Italy, which is the only photoinitiator production site in Europe and the largest outside of China, is already almost China-independent at the level of both first- and second-tier raw materials and will be fully China-independent by January 2022.

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