Price Increase Summary April 22 2021.Docx

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Price Increase Summary April 22 2021.Docx

SunPac is so happy to have you as a customer and we always strive to give you the best value and the best service available. We have done our best to keep your costs down, but the wave of industry-wide price increases in nearly every packaging market from every supplier has hit and as inventory is depleted, we have been forced to raise prices. Please talk to your salesperson about possible ways to mitigate some or all of these increases by switching to higher yield films and/or using packaging equipment that saves both labor as well as material. Also, please keep in mind that just like toilet paper during the pandemic, order quantity may be limited on some items and lead times could also be extended. We should be able to cover you with what you always purchase or something very similar. If you are ever told that we are out of stock of an item and you need it, please talk to your salesperson about substitute items. Here’s an updated list as of April 7th, 2021 listing most of the industry-wide price increases that have been announced so far in 2021. Stretch Film and Polyethylene Products – including pallet wrap, shrink bundling film, pallet covers, poly bags, box liners. Suppliers include every manufacturer of polyethylene including Berry, Sigma, Amtopp, Malpack, Paragon, Western Plastics, Epsilon, Isoflex, Hillside and more. ● 9-12% April 19th ● 8-10% April 1st ● 8% March 1st ● 7% Feb 1st ● 6% Jan 11th Carton Sealing Tape – 3M finally is going up, but only 5% on April 15th. Other manufacturers like Vibac, Primetac and IPG have all announced multiple increases. Please contact your salesperson for current price on items like filament tape, masking tape and other specialty tapes. ● Vibac – 6% - Feb 12th ● Vibac – 8% - April 1st ● Vibac Hot Melt – going up 10% on May 3, 10% June 1 and 10% July 1 ● Primetac – hot melt 12%, acrylic – 30% - March 15th ● 3M – 5% - April 15th Cryovac Shrink Film, New Air Inflatable Bubble – see attached letter for April price increase of all Sealed Air items, but these are the 3 increases for our most popular Sealed Air products ● 3.5% March 1st ● 8% April 1st ● 9% May 1st Instapack Surcharge - $0.40 per lb. (this should be removed in a few months as global situation improves) Polypropylene Strap ● 8% May 10th ● 12% March 2nd ● 9% Feb 7th Polyester Strap – 8% increase effective March 22 Steel Strap – several increases and extended lead times – call or email for current pricing Corner Board – 8% increase effective March 15th Polypropylene overwrap films ● 15% increase effective March 5th ● 25% increase effective May 3..

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