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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
Caraustar Industries, Inc. announced today that it will increase prices by $60 per ton on all uncoated recycled paperboard grades and $45 per ton on coated recycled paperboard grades produced by its mills. The increases are effective with shipments on and after April 5, 2010. Caraustar will also increase prices of tubes and cores and all other uncoated recycled paperboard converted products on the same date. This series of price increase announcements comes shortly following earlier increase announcements.
Greg A. Bartlett, vice president sales and marketing for Caraustar’s Mill Group, stated, “Publication prices for Old Corrugated Containers (OCC) have reached an average of $170 per ton in the middle and eastern United States, up $95 per ton since December publications. Unreliability of supply has forced us to reach out further with higher cost freight lanes and pay significant premiums over publication list prices to secure our recovered fiber needs. Fiber quality has also declined during this period, impacting our yield of our most important raw material. Prices for all fiber grades have increased significantly. We understand the impact that this has on our customers; however, we cannot continue to absorb these costs. We will be vigilant in monitoring this situation and keep our customers informed of changes and challenges in this volatile recovered fiber market.”
Caraustar Industries, Inc. is one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled boxboard product end-use markets: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. For additional information on Caraustar, please visit the company's website at www.caraustar.com.
Sonoco will increase prices for all uncoated recycled paperboard grades in the United States and Canada by $60 per ton effective with shipments on April 5, 2010. In addition, the Company will increase prices on all paperboard industrial converted products in the U.S. and Canada by 5.5 percent effective with shipments on April 5, 2010.
"Recovered paper costs have continued to rise rapidly throughout the first quarter of 2010. Key grades, such as old corrugated cartons (OCC), are up by approximately $110 per ton, or 150 percent, since November 2009, according to published lists," said Harris DeLoach, chairman, president and chief executive officer. "Actual marketplace prices for recovered paper are currently exceeding listed prices by another $20 to $30 per ton, due to scarcity of supply. As a result, we have no alternative but to pass on these higher raw material costs."
Sonoco is one of the largest producers of uncoated recycled paperboard in North America, and of paperboard tubes and cores, and protective packaging.
Founded in 1899, Sonoco is a $3.6 billion global manufacturer of industrial and consumer products and provider of packaging services, with more than 300 operations in 35 countries, serving customers in some 85 nations. Sonoco is a proud member of the Dow Jones Sustainability World Index. For more information on the Company, visit our Web site at http://www.sonoco.com.