Tredegar Surface Protection (a subsidiary of Tredegar Corporation NYSE: TG), today announced that it will implement a resin index-based pricing plan that will apply to all products and customers, in response to increases unprecedented pricing and supply issues for polyethylene and polypropylene resins. This bilateral pricing model, which allows for reductions if resin prices decline in the future, will be effective on all shipments as of July 1, 2021.
Citing increasing cost pressures, Dr Bapi DasGupta, President of Tredegar Surface Protection, said: “As we see cost inflation in many areas, the increase in the cost of our primary raw material is the most important. difficult, since resin prices have doubled. over the past year. Additionally, resin supply continues to be restricted due to recent force majeure events and issues associated with COVID-19 conditions, including supply chain delays. We continue to focus on cost control measures across our business and remain fully committed to providing our customers with industry-leading product quality and reliability of supply. ”
About Tredegar surface protection
Tredegar Surface Protection supplies highly specialized masking films to the world’s leading manufacturers of optical films and specialty substrates used in displays, semiconductors and automotive applications, as well as to leading manufacturers of specialized personal protective equipment, including including face shields. Combining world-class supply and service reliability with industry-leading quality, Tredegar’s surface protection films allow our customers to maximize their manufacturing yields and efficiencies, resulting in significant cost savings. Our manufacturing footprint, which includes manufacturing facilities in the United States and China, is bolstered by a global sales team and dedicated technical and R&D departments. Learn more about www.tredegarsurfaceprotection.com .
About Tredegar Corporation
Tredegar Corporation is an industrial manufacturer with three main businesses: custom aluminum extrusions for the North American building and construction, automotive and specialty end-use markets; surface protection films for high technology applications in the global electronics industry; and specialty polyester films primarily for the Latin American flexible packaging market. Tredegar achieved sales of $ 755 million from its continuing operations in 2020. With approximately 2,400 employees, the Company operates manufacturing facilities in North America, South America and Asia.
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