BASF, Sonoco and Ahlstrom to raise prices

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BASF, Sonoco and Ahlstrom to raise prices
BASF, Sonoco and Ahlstrom to raise prices
BASF, Sonoco and Ahlstrom have all announced price increases in the last week to recover outgoing expenses.

BASF will increase prices in Europe, Africa and Western Asia for Resins and Additives by 3-10% with effect from 1 July or as contracts allow.

The price increase is necessary to offset continued high feedstock costs, transportation and energy costs.

Products affected by the price increase are used as raw materials in the coatings, printing and packaging industries.

Sonoco is to raise the price for all paperboard tubes and cores by 5%, effective with shipments inthe USandCanadabeginning 15July.

"This price increase is necessary to recover recently announced paperboard price increases​," saidJames Harrell, vice president, Tubes and Cores—North America.

Ahlstrom will increase the price on its vegetable parchment materials to compensate for the continued high level of raw material costs and energy related inflation.

The price increases will affect all vegetable parchment products worldwide on all orders placed as of 1 August and will be up to 5% depending on markets, the product and the agreements in place.

Ahlstrom's vegetable parchment products include food packaging materials for cooking, baking and wrapping.

Related topics: Processing & Packaging

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