Sealed Air Announces Price Increases in North America
-
Eight percent increase on food packaging trays effective
February 3 -
Five percent increase on paper packaging systems effective
March 1 -
Five-to-eight percent increase on other protective packaging products
effective
March 1 -
Three and a half percent increase on Food Care hygiene solutions
effective
March 3 -
Four-to-six percent on Food Care bags and rollstock effective
March 24
“As our raw materials costs continue to rise in 2014, we will remain
steadfast to a pricing strategy to recover these costs. In 2014 alone,
suppliers of polyethylene (PE), nylon, and benzene, large inputs to our
products, have announced significant price increases on top of
significant increases in 2013. Most recently in
Business
Website Information
We routinely post important information for investors on our website, www.sealedair.com, in the "Investor Relations" section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
Forward-Looking Statements
Company statements in this press release may be “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 concerning our business, consolidated financial
condition and results of operations. These statements include comments
as to future events that may affect the Company, which are based upon
management’s current expectations and are subject to uncertainties, many
of which are outside the Company’s control. Forward-looking statements
can be identified by such words as “anticipates,” “expects,” “believes,”
“plan,” “could,” “estimate,” “will” and similar expressions. A variety
of factors may cause actual results to differ materially from these
expectations, including general domestic and international economic and
political conditions, changes in our raw material and energy costs,
credit ratings, the success of restructuring plans, currency translation
and devaluation effects, the competitive environment, the effects of
animal and food-related health issues, environmental matters, and
regulatory actions and legal matters. For more extensive information,
see “Risk Factors” and “Cautionary Notice Regarding Forward-Looking
Statements,” which appear in our most recent Annual Report on Form 10-K,
as may be revised and updated from time to time by our Quarterly Reports
on Form 10-Q and Current Reports on Form 8-K, as filed with the
Source:
Sealed Air Corporation
Investor:
Lori Chaitman, 201-703-4161
or
Media:
Ken
Aurichio, 201-703-4164