Pregis Corp.'s Hexacomb(R) Business Unit Announces Price Increase


    


    
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<p>DEERFIELD, Ill., <span class="xn-chron">April 29</span> /CNW/ -- 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 <span class="xn-chron">June 7, 2010</span>. Hexacomb pricing will increase 10% in the <span class="xn-location">United States</span>, <span class="xn-location">Canada</span> and <span class="xn-location">Mexico</span>.</p>
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<p>The latest price increase has become necessary due to additional upward pricing pressure from linerboard, fuel and adhesives.  Linerboard (42 lb. unbleached kraft) has risen approximately <span class="xn-money">$60</span> per ton over March, which puts the increase at more than 20% since January.</p>
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<p>"World demand for pulp, which is the primary component of our linerboard, is continuing its two year climb.  This, coupled with the other escalating raw material prices, is forcing us to increase our prices so that we can maintain our quality supply. Superior raw material is a critical component in helping us deliver the high level of engineered performance required by our customers," said <span class="xn-person">Jeff Kellar</span>, president, Hexacomb.</p>
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<p>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 include sheets, runners, edge and corner protectors, as well as Falconboard(TM) graphic display board.</p>
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<p>"All paper-based packaging solutions are being affected by the current pricing pressure.  Although we cannot control the forces impacting global costs, we can differentiate ourselves by providing customers with the best quality, service, local manufacturing and engineering performance.  This enables Hexacomb to deliver the lowest 'total cost solution' versus the competition," Kellar said.</p>
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    About Hexacomb:
    
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<p>Pregis Hexacomb is a leading supplier of paper-based protective packaging and serves key industries which value product protection coupled with environmental sustainability. This includes furniture, consumer, automotive, textile, food, building products, energy, glass and industrial. Hexacomb has nine manufacturing locations across <span class="xn-location">North America</span> and its product line is Sustainable Forestry Initiative® certified. For more information about Hexacomb visit <a href="http://www.hexacomb.com">www.hexacomb.com</a>.</p>
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    About Pregis:
    
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<p>Pregis Corporation is a leading global provider of innovative protective, flexible, and foodservice packaging and hospital supply products. The company offers packaging and product solutions for a wide variety of consumer and industrial market segments including food and foodservice, healthcare, agriculture, automotive, furniture, electronics, construction, fulfillment, catalog and military/aerospace. The specialty-packaging leader currently operates 47 facilities in 18 countries around the world. For more information about Pregis, visit <a href="http://www.pregis.com">www.pregis.com</a>.</p>
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For further information: For further information: Josephine Fish of Pregis Corp., +1-847-597-9356, jfish@pregis.com; or Sophia Dilberakis of SD Communications, +1-312-787-5800, sophiad@att.net, for Pregis Corporation Web Site: http://www.pregis.com http://www.hexacomb.com

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