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Published on : Saturday, May 23, 2015
Sealed Air Corporation today announced that it is implementing price increases of up to five percent for the majority of its European Product Care and Food Care division packaging products, effective July 1st, 2015.
“Our European price increases are in response to the continued escalation of our key raw materials and other input costs in particular polyethylene, polypropylene and polystyrene, as all major petrochemical suppliers increased prices over the last five months.
Cumulatively, since January 2015, our petrochemical suppliers have increased their prices between 15 to 27%. We are committed to delivering the broadest and most innovative product portfolio to our customers and with that objective, we need to recover raw material cost increases”, said Gerd Wichmann, Vice President, Product Care Europe and Jonathon Durnford, Vice President Food Care Europe.
Source:- Sealed Air