Caraustar Industries, Inc. announced a price increase of 8.0% on all paper tube and core and protective packaging product lines. The increase will be effective starting with shipments on March 12, 2018.
The increase is in response to strong market dynamics and inflationary cost pressures in transportation (both inbound and outbound), raw materials, chemicals and other material inputs.
https://www.prnewswire.com/news-releases/caraustar-announces-an-80-price-increase-on-all-paper-tubes-and-cores-and-protective-packaging-products-300589533.html
Related Posts
As an $18 billion-dollar global company, WestRock understands the important role it can play in driving greater sustainability in the packaging industry, for — and with — its customers. It does this by providing customers with a portfolio of sustainable fiber-based packaging options and working with them to create tailored sustainable packaging solutions to meet their individual sustainability needs. Every day, WestRock’s fiber-based packaging solutions deliver vital products to millions of customers, and the company is proud of the pivotal role it has played during the COVID-19 pandemic, ensuring consumers receive much-needed items when they need them the most.
Amcor is proud to collaborate with Riverside Natural Foods, a leading certified organic snack producer, to launch MadeGood Trail Mix bars in AmFiber™ paper-based packaging. The exclusive launch during Earth Month is a category-first solution that delivers curbside recyclability in the paper stream without compromise on package performance. The new recyclable wrapper uses Amcor’s AmFiber™, a paper-based laminate made with FSC®-certified (C206475) fiber. Compared to traditional bar wrap, the package reduces the amount of virgin plastic by 77% and has been certified by Western Michigan University to meet repulpability standards necessary for the recycling process. The R&D experts at Amcor worked closely with Riverside Natural Foods to ensure the new package met the needs of both the brand and the consumer. This collaboration resulted in a package with no compromise on run speeds or graphic quality.
Huhtamaki, a key advanced manufacturer of sustainable packaging solutions for consumers around the world, has entered into an agreement to acquire the assets of Jiangsu Hihio-Art Packaging Co. Ltd., a leading manufacturer of paper bags, wraps and folding carton packaging in China. The company currently serves international quick-service restaurants (QSR) as well as national bakery chains. With this acquisition, Huhtamaki continues to strengthen its position as the leading foodservice packaging provider in Asia and expands its product portfolio in China allowing it to better serve its existing and new customers in this exciting growth market. Jiangsu Hihio-Art Packaging Co. Ltd. currently employs approximately 200 people in its manufacturing unit in Xuzhou city, Jiangsu. Employees will be offered an opportunity to continue to work for Huhtamaki after the transaction is closed. In 2020 the annual net sales of the privately owned business were approximately EUR 20 million. Following the acquisition, Huhtamaki will have altogether four manufacturing units in China: in Guangzhou, Shanghai, Tianjin, and Xuzhou.