October 11, 2022
To our Valued Customer:
Due to ongoing inflationary pressures across most cost categories, including freight and storage, energy, labor, packaging materials, raw materials, and other operating costs, Toray Plastics (America) is announcing a non-indexed price increase of $0.09/lb. on all OPP film products effective with shipments on or after January 1, 2023.
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.
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