This price increase will affect all expanded polystyrene (EPS) and polyurethane (PUR), including custom shipper solutions and components globally.
The price increase is necessary to cover rising costs in raw materials, labour, energy and transportation, according to the company.
Mary Kate Phillips, director of North American sales, said: “At ThermoSafe, we continually invest in our operations, technology, people and infrastructure to ensure we offer industry leading solutions, products and services at competitive prices. Despite our efforts to offset cost increases through Lean initiatives, we reached a point where we must raise prices to offset the ongoing inflation in our costs.”
Prakash Mahesh, vice president of marketing and business development, said: “ThermoSafe continues to offer highly innovative solutions using state of the art technologies and equipment to take care of our customers in their mission-critical shipments of pharmaceuticals, clinical trials samples, blood, investigational drugs, food or chemicals that are temperature sensitive. We continually strive to provide our customers with the best value at the best possible prices.”
ThermoSafe’s customers will be contacted individually regarding the specifics of the price increases.
Source: ThermoSafe Brands
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