IPG Price Increase.
We have received notification that our resin suppliers intend to implement their September 1, 2013 raw material increase. In addition, IPG ® is reviewing a second resin increase scheduled for
October 1, 2013 and will continue to communicate any further changes in a timely fashion.
The tightness in feedstock's coupled with imp...roved demand are the major drivers for this initial resin increase. At this point in time, IPG ® will announce a 7% increase for all SuperFlex ®
and StretchFlex ® products effective with orders placed on or after September 30, 2013.
All orders must specify immediate shipment, be limited to less than one month’s normal average film purchases and ship no later than October 18,2013.
IPG ® reserves the right to accept or reject orders based on resin availability.
Any order not shipped on or before October 18, 2013 will be subjected to the 7% stretch film price increase.
I have also attached additional increase letters from stretch film manufactures for your review. Please review your inventory and future customer needs as soon as possible. Manufacturing lead times
will increase shortly and we all need to be prepared. Copy of Letter IPG