Deerfield, Ill., February 4, 2010 Pregis Corp.s Hexacomb business unit is announcing a price increase on all grades and sizes of its product line, effective with all shipments on or after March 1, 2010. Hexacomb pricing will increase 8% in the eastern United States and Canada and 11% in the western United States, Canada and Mexico.
Many of Hexacombs raw material suppliers increased their pricing in January, with the rest announcing upward pricing adjustments, effective in February. The increases are due to constrained supply, expanding export demand and upward pricing pressure from wood, recycled content and chemicals.
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 in include sheets, runners, edge and corner protectors, as well as Falconboard graphic display board.
Source: Pregis Corp.
