In an effort to combat volatile raw material costs German rigid plastics producer Paccor (Zell; www.paccor.com) has announced that it will increase its prices. Chris Hart the company’s managing director, said that to remain competitive and sustainable, the company has no other choice than to react to the current cost situation.

He also stressed that " [Our] price adjustments are significantly below the PS Q1 2013 global material purchase increases." The company's last product price hike was in March 2012 – see also Plasteurope.com from 13.03.2012.

Product costs are significantly challenged by polymer purchase prices. However, in the next few months, further increases for raw materials are expected to range between 10-15%. “Though oil prices seem to have stabilised, we did not see any significant effect on reducing PS purchase pricing as a consequence. In addition, the euro to dollar exchange rate remains weak and is predicted to stay at its current level, or lower, for some time,” Hart explained.

Paccor is the result of a merging of several packaging producers by Sun Capital Partners (Boca Raton, Florida / USA; www.suncappart.com) – see also Plasteurope.com from 07.06.2011. Recently Sun Capital announced plans to consolidate Paccor and three other European companies joining US Exopack (Spartanburg / South Carolina; www.exopack.com) – see also Plasteurope.com from 06.05.2013.