Amcor Flexibles Americas confirms price hikes

Buffalo Grove-based Amcor Flexibles Americas confirmed price increases for products in North and South America, triggered by spikes in raw material costs as a result of recent natural disasters and supply chain disruptions.

Amcor Flexibles Americas has contacted affected customers in the past two weeks to implement these price adjustments. The increases range from 5 to10 percent in South America, with similar increases also underway in North America.

"Recent natural disasters have caused resin and other raw material costs to rise significantly, and we, like our industry peers, are facing supply chain disruptions," said Tom Cochran, president of Amcor Flexibles Americas. "We remain committed to finding solutions to minimize the disruption of these events to our customers and will continue to implement various contingency plans, leveraging Amcor's global scale."

Amcor Flexibles Americas is a division of Amcor, a global supplier of flexible packaging. With 16 plants in 6 countries, the company delivers innovative packaging solutions and provide enhanced quality products for the food, beverage, pharma, personal care, medical and industrial markets.