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Pregis Corp.'s Hexacomb(R) Business Unit Announces Price Increase in Northern Europe
Pregis Corp.'s Hexacomb® business unit is announcing a 6% price increase on all grades and sizes of its product line shipped to customers in the U.K., Germany, France, Belgium and The Netherlands. The price increase is effective on or after June 1, 2010.
The latest price increase has become necessary due to additional upward pricing pressure from paper, fuel and adhesives. Testliner has risen approximately EUR 30 per ton over April, which puts the increase at more than 25% since October 2009.
"World demand for pulp, which is the primary component of our linerboard, is continuing its two year climb. This, coupled with the other escalating raw material prices, is forcing us to increase our prices so that we can maintain our quality supply. Superior raw material is a critical component in helping us deliver the high level of engineered performance required by our customers," said Jeff Kellar, president, Hexacomb.
"As the leader in quality and performance-driven honeycomb protective packaging, we are increasing our prices to ensure that we can maintain our quality supply and continue to deliver performance products in what is an increasingly tight raw material paper market. Quality raw material is a critical component in delivering the high level of engineered performance required by our customers," said Jeff Kellar, president, Hexacomb.
Hexacomb is made with 100% paper (all natural, renewable virgin and post consumer recycled fibers) and engineered into a proprietary honeycomb configuration. The product offers excellent strength, superior cushioning and blocking/bracing functions for a wide range of protective packaging and other applications. Hexacomb® products include sheets, runners, edge and corner protectors.
Pregis Hexacomb is a leading supplier of paper-based protective packaging and serves key industries which value product protection coupled with environmental sustainability. This includes furniture, consumer, automotive, textile, food, building products, energy, glass and industrial. Hexacomb has three manufacturing plants in Europe and nine in North America. For more information about Hexacomb visit www.hexacomb.com.
Pregis Corporation is a leading global provider of innovative protective, flexible, and foodservice packaging and hospital supply products. The company offers packaging and product solutions for a wide variety of consumer and industrial market segments including food and foodservice, healthcare, agriculture, automotive, furniture, electronics, construction, fulfillment, catalog and military/aerospace. The specialty-packaging leader currently operates 47 facilities in 18 countries around the world. For more information about Pregis, visit www.pregis.com.
SOURCE Pregis Corporation; Pregis Hexacomb