The Plastics News reports that the company is moving its corporate HQ out of upstate NY after a nearly 35 year presence. It will also close its Middletown NY production facility and move those operations to Charlotte as well. See Plastics News article here.
There appears to be some difficulty determining where PE resin prices go in the foreseeable future. Producers were able to implement their full $0.05/lb increase this past month and have another increase on the table, but other indicators such as lower monomer prices, uneven export demand and less than robust spot demand seems to suggest an uncertain path forward for PE pricing. See full update here.
See announcement on Pregis website here.
Flexible Packaging article, Feb 1, 2017 - 'Creative ideas can sometimes grow out of the need to solve a problem. Necessity, after all, is the mother of invention. For Fritz Yambrach, professor and director of packaging at San Jose State University in California, decades of experience in the packaging industry and concern for access to water in impoverished or disaster areas led to an idea for a simple, yet life-changing solution: the Fritz Water Vest.' See full article here.
Sealed Air Corporation (NYSE:SEE) today announced that it is implementing a price increase of four percent for the majority of its North American Product Care division packaging products, effective March 1st, 2017.
This price adjustment is in response to increases in the cost of resin and other raw materials that are expected during 2017, and to address the rise in other input costs such as labor, utilities, freight, and supplies.
Per the Plastics Exchange - January PE contracts were mostly steady, but there is growing likelihood that the $.05/lb price increase nominated for Feb will be implemented. Jan PP contracts jumped $.10/lb on average and will rise $.06-.08/ lb again in Feb, as producers seek to pass along the imminent increase in their Feb PGP monomer costs. See full update here.