Tredegar Surface Protection Announces Resin Index Based Pricing Plan
June 21 2021 - 4:05PM
Business Wire
Tredegar Surface Protection (a subsidiary of Tredegar
Corporation NYSE:TG), announced today that it will implement a
resin index based pricing plan that will apply to all products and
customers, in response to unprecedented price increases and supply
issues for polyethylene and polypropylene resin. This bilateral
pricing model, which allows for decreases if resin prices fall in
the future, will be effective on all shipments beginning July 1,
2021.
Citing growing cost pressures, Dr. Bapi DasGupta, president of
Tredegar Surface Protection, said, “While we are seeing cost
inflation in many areas, the increase in the cost of our primary
raw material is the most challenging, given that resin prices have
doubled over the past year. In addition, resin supply continues to
be tight as a result of 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 delivering industry-leading product
quality and supply reliability to our customers.”
About Tredegar Surface Protection
Tredegar Surface Protection provides highly specialized masking
films to the world’s leading manufacturers of optical films and
specialty substrates used in displays, semi-conductors, and
automotive applications, as well to leading manufacturers of
specialty personal protective equipment, including face shields.
Combining world class supply and service reliability with
industry-leading quality, Tredegar’s Surface Protection films
enable our customers to maximize their manufacturing yields and
efficiencies, leading to significant cost savings. Our
manufacturing footprint, which includes manufacturing facilities in
the U.S. and China, is strengthened by a global sales team and
dedicated technical and R&D services. Learn more at
www.tredegarsurfaceprotection.com.
About Tredegar Corporation
Tredegar Corporation is an industrial manufacturer with three
primary businesses: custom aluminum extrusions for the North
American building & construction, automotive and specialty
end-use markets; surface protection films for high-technology
applications in the global electronics industry; and specialized
polyester films primarily for the Latin American flexible packaging
market. Tredegar had 2020 sales from continuing operations of $755
million. With approximately 2,400 employees, the Company operates
manufacturing facilities in North America, South America, and
Asia.
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Neill Bellamy 804/330-1211 neill.bellamy@tredegar.com
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