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The increase amounts by formulation are CPET/PET – 15%; PE – 10%; and PP – 5%.
October 3, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco is implementing a price increase for all resin-based products sold in North America. The increase amounts by formulation are CPET/PET – 15%; PE – 10%; and PP – 5%. The increase, which impacts thermoformed, injection-molded and extrusion-molded products, is effective with shipments beginning Oct. 15, 2017. “With the unfortunate events surrounding Hurricanes Harvey and Irma, we are seeing a significant inflationary spike affecting the entire industry, not just Sonoco,” said Jeff DiPasqu...
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