{"id":505251,"date":"2021-06-21T16:08:25","date_gmt":"2021-06-21T20:08:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\/"},"modified":"2021-06-21T16:08:25","modified_gmt":"2021-06-21T20:08:25","slug":"tredegar-surface-protection-announces-resin-index-based-pricing-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\/","title":{"rendered":"Tredegar Surface Protection Announces Resin Index Based Pricing Plan"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Tredegar Surface Protection Announces Resin Index Based Pricing Plan<\/b><\/p>\n<p>RICHMOND, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTredegar Surface Protection (a subsidiary of Tredegar Corporation NYSE:TG), announced today that it will implement a resin index based pricing plan that will apply to all products and customers, in response to unprecedented price increases and supply issues for polyethylene and polypropylene resin. This bilateral pricing model, which allows for decreases if resin prices fall in the future, will be effective on all shipments beginning July 1, 2021.\n<\/p>\n<p>\nCiting growing cost pressures, Dr. Bapi DasGupta, president of Tredegar Surface Protection, said, \u201cWhile we are seeing cost inflation in many areas, the increase in the cost of our primary raw material is the most challenging, given that resin prices have doubled over the past year. In addition, resin supply continues to be tight as a result of recent force majeure events and issues associated with COVID-19 conditions, including supply chain delays. We continue to focus on cost-control measures across our business and remain fully committed to delivering industry-leading product quality and supply reliability to our customers.\u201d\n<\/p>\n<p><b>About Tredegar Surface Protection<\/b><\/p>\n<p>\nTredegar Surface Protection provides highly specialized masking films to the world\u2019s leading manufacturers of optical films and specialty substrates used in displays, semi-conductors, and automotive applications, as well to leading manufacturers of specialty personal protective equipment, including face shields. Combining world class supply and service reliability with industry-leading quality, Tredegar\u2019s Surface Protection films enable our customers to maximize their manufacturing yields and efficiencies, leading to significant cost savings. Our manufacturing footprint, which includes manufacturing facilities in the U.S. and China, is strengthened by a global sales team and dedicated technical and R&amp;D services. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.tredegarsurfaceprotection.com&amp;esheet=52448296&amp;newsitemid=20210621005218&amp;lan=en-US&amp;anchor=www.tredegarsurfaceprotection.com&amp;index=1&amp;md5=5b96635c4ded98722e20a003b936e397\">www.tredegarsurfaceprotection.com<\/a>.\n<\/p>\n<p><b>About Tredegar Corporation<\/b><\/p>\n<p>\nTredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building &amp; construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2020 sales from continuing operations of $755 million. With approximately 2,400 employees, the Company operates manufacturing facilities in North America, South America, and Asia.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210621005218r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210621005218\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210621005218\/en\/<\/a><\/span><\/p>\n<p>\nNeill Bellamy<br \/>\n<br \/>804\/330-1211<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:neill.bellamy@tredegar.com\">neill.bellamy@tredegar.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Virginia United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Semiconductor Chemicals\/Plastics Technology Manufacturing Other Technology Other Manufacturing Hardware<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210621005218\/en\/798936\/3\/Tredegar_Surface_Protection_FINAL_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Tredegar Surface Protection Announces Resin Index Based Pricing Plan RICHMOND, Va.&#8211;(BUSINESS WIRE)&#8211; Tredegar Surface Protection (a subsidiary of Tredegar Corporation NYSE:TG), announced today that it will implement a resin index based pricing plan that will apply to all products and customers, in response to unprecedented price increases and supply issues for polyethylene and polypropylene resin. This bilateral pricing model, which allows for decreases if resin prices fall in the future, will be effective on all shipments beginning July 1, 2021. Citing growing cost pressures, Dr. Bapi DasGupta, president of Tredegar Surface Protection, said, \u201cWhile we are seeing cost inflation in many areas, the increase in the cost of our primary raw material is the most challenging, given that resin prices &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tredegar Surface Protection Announces Resin Index Based Pricing Plan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-505251","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tredegar Surface Protection Announces Resin Index Based Pricing Plan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tredegar Surface Protection Announces Resin Index Based Pricing Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tredegar Surface Protection Announces Resin Index Based Pricing Plan RICHMOND, Va.&#8211;(BUSINESS WIRE)&#8211; Tredegar Surface Protection (a subsidiary of Tredegar Corporation NYSE:TG), announced today that it will implement a resin index based pricing plan that will apply to all products and customers, in response to unprecedented price increases and supply issues for polyethylene and polypropylene resin. This bilateral pricing model, which allows for decreases if resin prices fall in the future, will be effective on all shipments beginning July 1, 2021. Citing growing cost pressures, Dr. Bapi DasGupta, president of Tredegar Surface Protection, said, \u201cWhile we are seeing cost inflation in many areas, the increase in the cost of our primary raw material is the most challenging, given that resin prices &hellip; Continue reading &quot;Tredegar Surface Protection Announces Resin Index Based Pricing Plan&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-21T20:08:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210621005218r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Tredegar Surface Protection Announces Resin Index Based Pricing Plan\",\"datePublished\":\"2021-06-21T20:08:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\\\/\"},\"wordCount\":410,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210621005218r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tredegar-surface-protection-announces-resin-index-based-pricing-plan\\\/\",\"name\":\"Tredegar Surface Protection Announces Resin Index Based Pricing Plan - 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