Heritage Bag Announces Price Increase
Polyethylene resin producers are implementing a 5th price increase to the market on all grades of polyethylene effective December 1st, 2020. The polyethylene supply chain has had additional production disruptions with unplanned shutdowns in Texas and Mexico. These outages have tightened an already stressed supply chain for raw material as demand for PE products continues to remain strong. Consistent with this market change, effective with orders placed on or after February 6th, 2021 for immediate shipment (normal lead times), Heritage Bag will increase stock pricing on all can liner and food bag products by 6%. Non-guaranteed contracts will also be raised 6% on that date. We are unable to extend additional price protection or accept loading orders in advance of the price increase.