DEERFIELD, Ill. - Pregis Corp. is announcing a 7% price increase in North America, effective March 17, 2014, for its extensive line of protective packaging solutions. Products included are:
•Air cushioning rollstock, converted and lamination
•Foam rollstock, converted and lamination
•Microfoam® polypropylene foam
•Inflatable packaging systems
•Paper packaging products & systems
Additionally, IntelliPack® SmartFoam™ foam-in-place liquids will increase by 19 cents per pound. All other IntelliPack consumables (SmartFilm™ bags, SmartLube™ cleaning solution) will increase by 7%.
In making the announcement, Pregis President and CEO Kevin Baudhuin stated that raw material price increases are continuing to compress operating margins.
"We are diligent in our efforts to control all aspects of our manufacturing and transportation expenses to minimize the impact of these rising costs on our customers," Baudhuin said. "However, immediate recovery of a portion of these soaring costs is necessary so that Pregis can continue to develop innovative solutions designed to better address evolving customer needs."
Pregis Corporation is a leading global provider of innovative protective packaging materials and systems. The company offers solutions for a wide variety of consumer and industrial market segments including food, beverage, healthcare, medical devices, agricultural, e-commerce, retail, automotive, furniture, electronics, construction and military/aerospace. Pregis currently operates 27 facilities in 10 countries in North America and Europe. For more information, visit www.pregis.com.
Source: Pregis Corporation
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