Sealed Air Announced Price Increases for European Product Care, Food Care Products

Sealed Air Corporation announced that it is implementing price increases of up to 5% for the majority of its European Product Care and Food Care division packaging products, effective July 1, 2015.
 
“Our European price increases are in response to the continued escalation of our key raw materials and other input costs, in particular polyethylene, polypropylene and polystyrene, as all major petrochemical suppliers increased prices over the last five months. Cumulatively, since January 2015, our petrochemical suppliers have increased their prices between 15% to 27%. We are committed to delivering the broadest and most innovative product portfolio to our customers and with that objective, we need to recover raw material cost increases,” said Gerd Wichmann, VP, Product Care Europe and Jonathon Durnford, VP. Food Care Europe.