Toray's Lumirror segment to increase prices on all PET film products by US$0.12/lb, effective April 1, 2022; company cites ongoing inflation pressures across most categories including freight, labor, resin feedstocks

Sample article from our Chemicals Industry

February 23, 2022 (press release) –

To Our Valued Customers,

Due to ongoing inflationary pressures across most cost categories, including freight and storage, energy, labor, packaging materials, PET resin feedstocks, and other operating costs, Toray Plastics (America) is announcing a price increase of $0.12/lb. on all PET film products effective with shipments on or after April 1, 2022.

As you are aware, we at Toray always strive to improve productivity and to reduce internal costs so that such measures can generally be avoided. However, in this highly unusual economic climate, this step has become necessary to allow us to maintain our long-term ability to provide industry-leading technology and product quality while offering the reliable service upon which our customers have come to rely.

We value your business, and your kind understanding and cooperation with this matter are very much appreciated. Your Toray Account Manager will be in contact with you to discuss the specific details and any questions that you may have.

Sincerely,

Mark Turano
Director of Sales, Lumirror Division

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