Sealed Air Corporation announced price increases ranging from five to eight percent for the majority of its Food Care division’s North American products. The increases will be effective October 2, 2017. “Sealed Air has not had a price increase for Food Care products in North America since 2014, and we are working to minimize the cost adjustments and their impact on our customers,” said Karl R. Deily, President, Sealed Air Food Care; “However, notable increases in our input costs, including a 31% rise in the price of polyethylene since 2016, make changes to our prices necessary in order to continue to deliver the same level of value and innovation to our customers.” The price changes include a five percent increase on all shrink bags, rollstock products, food films and vertical pouch packaging, as well as a six percent increase on unpadded solid plastic trays and an eight percent increase on pre-padded solid plastic trays.
Sonoco (NYSE:SON) today announced it is implementing a price increase for all EPS, EPP, PUR and refrigeration products in the United States and Mexico, effective on or before November 10, 2018. Prices will be increased between 6 percent and 10 percent based on the specific substrate.
“We continue to see inflation in our input costs related to EPS, EPP, PUR, corrugate, freight, flexible films and labor,” said Russell Grissett, division vice president, Sonoco Protective Solutions. “Our Supply Management team continues to leverage our global reach; however, overall tightness in supply continues to drive up prices.”
Sonoco is a leading temperature assurance and protective packaging solutions provider, with 30 manufacturing and fabrication facilities located throughout the U.S. and Mexico. Sonoco Protective Solutions supplies packaging to customers in the automotive, appliance, biologics, pharmaceuticals, technology, HVAC, kitchen and bath and furniture industries.