For pigment manufacturers, 2002 was another challenging year. Sales were, for the most part, flat due to reduced demand for ink. In addition, foreign competition continued to drive prices down. Of further concern, the cost of key raw materials such as naphthalene for pigments is on the rise, leaving pigment companies considering whether to pass along price increases or cut into their margins yet again. As 2003 continues, the threat of war in the Middle East and the slow economy remain major con...