PMMI, The Association for Packaging and Processing Technologies, announced the continued growth of its membership, adding 21 new companies this Fall, bringing active membership to 943. “The addition of 21 new members demonstrates confidence in PMMI’s ability to provide timely resources that drive the packaging and processing industry forward. We are committed to adding value to our members’ businesses so they can stay competitive and adjust to our constantly changing climate,” says Glen Long, senior vice president, PMMI. “Now more than ever, we are excited about our growth and look forward to continuing to support our membership.”
Sonoco (NYSE: SON), one of the largest global diversified packaging companies, today announced it is increasing prices for all rigid paper containers and closures sold in North America by 9.5 percent, effective with shipments on, and after, June 3 , 2021.
According to Ernest Haynes, Division Vice President and General Manager, Rigid Paper and Closures, North America, this price increase is necessary to recover rapidly rising costs for key raw materials used to produce rigid paper containers and closures.
“Due to the rising inflationary cost of adhesives, laminate structures, recovered paper and steel, we are experiencing input cost pressures that simply cannot be absorbed,” Haynes said. “These inflationary cost increases have been compounded by the after-effects of Winter Storm Uri on the adhesives industry along with incredible demand in the steel marketplace. While we have taken extraordinary measures to protect our customers from supply chain related disruptions, it has not been without incurring significant material cost increases. As an essential supplier during the COVID-19 global pandemic, our primary focus requires doing everything we can to protect our customers from business related disruptions. Maintaining continuity of supply, regardless of the challenges we continue to face, remains a top priority.”