DS Smith Plastics, Extruded Products Announces Price Increase of Polypropylene Based Products

[KAYSERSBERG, FRANCE, July 5, 2018] Extruded Products, a business segment of DS Smith, Plastics Division, announced today that they will implement a price increase on all polypropylene based products globally, to offset a significant rise in raw material costs. The increase will be effective immediately (or as soon as possible under the terms of current contracts or agreements).

The scale of the recent rises in the price of polypropylene has given us no option but to offset their negative impact by increasing our selling prices on polypropylene based products. Details of the price increases will be communicated directly with customers. We will continue to work closely with our customers to minimize costs and remain committed to providing the best-in-class product quality and service. — Daniel Rohrmus, Commercial Director of DS Smith Plastics’ Rigid Products segment