Sealed Air Increases Price for Product Care in North America

Sealed Air Corporation (SEE) said that it is increasing prices for all products in its North American product care division. The increases will be effective 1 September 2017.

The price adjustments are the result of increase in resin costs of over 7 percent since the start of the year with over 9 percent of additional increases expected to be announced in the near term. Other raw materials costs have also been on the rise including chemical components (MDI/Polyol) which are up 15 percent since the start of 2017, and recycled paper and corrugated up with old corrugated container (OCC) costs climbing more than 50 percent year-to-date with further increases expected.

A 9 percent price increase will be applied to the following paper-based products: consumable paper for all Sealed Air paper systems, Custom wrap converted Paper, Kushion Kraft converted paper, PriorityWrap rigid board and macerated pads.

A 6 percent price increase will be applied to the following paper-based products: Jiffylite Kraft Bubble Mailers, Jiffy Utility Mailers, Jiffy Padded Envelopes, Jiffy Rigi Bag Envelopes, and Korrvu Suspension and Retention packaging.

A 6 percent increase will be applied to these additional products: BubbleWrap IB film, BubbleWrap brand products, Cell-Aire packaging foam and laminate products, Fill-Air Inflatables film, FloWrap film, Instapak film, Instapak Quick, Instapak simple foam components, Instapak dispenser solution, Jiffy TuffGard Mailers, Jiffy ShurTuff Mailers, NewAir IB film, PriorityWrap Bubble, Rapid fill automated bags, Shrink films, speciality foams, and Wonderfil film.

In addition, the company announced the increase in Instapak chemicals by $0.09 per pound, also effective on 1 September.

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