May 20, 2022
To Our Valued Customers,
Due to ongoing inflationary pressures across most cost categories, including freight and storage, energy, labor, packaging materials, and especially in PET feedstocks over the past few months, Toray Plastics (America) is announcing a price increase of $0.18/lb. on all PET film products effective with shipments on or after June 15, 2022.
As you are aware, we at Toray always strive to improve productivity and to reduce internal costs so that such measures can generally be avoided. However, in this highly unusual economic climate, this step has become necessary to allow us to maintain our long-term ability to provide industry-leading technology and product quality while offering the reliable service upon which our customers have come to rely.
We value your business, and your kind understanding and cooperation with this matter are very much appreciated. Your Toray Account Manager will be in contact with you to discuss the specific details and any questions that you may have.
Director of Sales, Lumirror Division
Toray Plastics (America), Inc.