Pregis Corp.'s Hexacomb(R) Business Unit Announces Price Increase in Spain and Portugal
By Pregis Corp. Hexacomb, PRNEWednesday, March 24, 2010
AOIZ, Spain, March 25, 2010 - Pregis Corp.'s Hexacomb(R) business unit is announcing a 12% price
increase on all grades and sizes of its product line shipped to customers in
Spain and Portugal. The price increase is effective on or after April 1,
2010.
All of Hexacomb's paper suppliers have increased their pricing recently.
The increases are due to higher raw material costs, limited availability of
recycled content and upward pricing pressure from wood and chemicals.
Specifically, supplies of recycled corrugated containers are being
diverted to the Chinese market resulting in less material availability for
paper-based conversion in Europe. Adding to the supply shortage is the
reduction in European housing construction starts which means less scrap wood
availability.
"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(R) products include sheets, runners, edge and corner
protectors.
About Hexacomb:
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.
About Pregis:
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.
Josephine Fish of Pregis Corp., +1-847-597-9356, jfish at pregis.com; or Sophia Dilberakis of SD Communications, +1-312-787-5800, sophiad at att.net, for Pregis Corp.
Tags: Aoiz, March 25, Portugal, Pregis Corp.; Hexacomb, Spain