Sealed Air Corporation (SEE) said that it is increasing prices for all products in its North American product care division. The increases will be effective 1 September 2017.
The price adjustments are the result of increase in resin costs of over 7 percent since the start of the year with over 9 percent of additional increases expected to be announced in the near term. Other raw materials costs have also been on the rise including chemical components (MDI/Polyol) which are up 15 percent since the start of 2017, and recycled paper and corrugated up with old corrugated container (OCC) costs climbing more than 50 percent year-to-date with further increases expected.
Sealed Air Corporation (SEE) said that it is increasing prices for all products in its North American product care division. The increases will be effective 1 September 2017.
The price adjustments are the result of increase in resin costs of over 7 percent since the start of the year with over 9 percent of additional increases expected to be announced in the near term. Other raw materials costs have also been on the rise including chemical components (MDI/Polyol) which are up 15 percent since the start of 2017, and recycled paper and corrugated up with old corrugated container (OCC) costs climbing more than 50 percent year-to-date with further increases expected.
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