Pregis LLC is announcing a 5 percent price increase, for its extensive line of protective packaging solutions, effective March 8th.
In making the announcement, Pregis President and CEO Kevin Baudhuin pointed to a double-digit percentage increase for polyethylene resin, in addition to increases in transportation, fuel, energy and labor costs.
“Despite our diligent efforts to maximize our manufacturing and logistics efficiencies, these increases have been fully absorbed by Pregis up until now. With an additional resin increase going into effect in February and a proposed increase in March, Pregis must implement a price adjustment to recover some of these costs and prevent additional margin erosion,” Baudhuin said.
Products affected by the price increase include air cushioning, polyethylene foam, Microfoam® polypropylene foam, AirSpeed® inflatable packaging systems and select specialty items.