Sealed Air Raises Price of N.A. Product Care Packaging
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Sealed Air Corp., Charlotte, N.C., USA, is implementing a price increase of 4% for the majority of its North American Product Care Division packaging products, effective March 1, 2017. This price adjustment is in response to increases in the cost of resin and other raw materials that are expected during 2017, and to address the rise in other input costs such as labor, utilities, freight, and supplies.
"We have taken significant actions across the product care business to offset these cost increases over the past few years while maintaining our commitment to providing the most innovative solutions to our customers. In doing so, we have mitigated the need for broad price adjustments across our portfolio since 2014. However, market forces require that we take action now to counter these inflationary increases, including the recent rise in petroleum based input cost," said Kenneth P. Chrisman, president of Sealed Air’s Product Care Division.
The 4% price increase will be applied to NewAir I.B.® Film, Bubble Wrap® IB Film, Fill-Air® Inflatables Film, Instapak® Film & Dispenser Solution, Bubble Wrap® Air Cellular Packaging, Jiffy® & Jiffy® TuffGard ® Mailers, Cell-Aire® Packaging Foam, Korrvu® Suspension & Retention Packaging, PriorityWrap® materials, all shrink film product lines, and consumable paper for all paper systems.
