Breaking News on Global Meat Trading and Processing

Headlines > Products

Read more breaking news


News in brief

Linpac hikes food packaging prices by 10%

Post a comment
Oscar Rousseau

By Oscar Rousseau+


Linpac said prices for all expanded polystyrene packaging will rise by 10%
Linpac said prices for all expanded polystyrene packaging will rise by 10%

Global food packaging manufacturer Linpac has announced it will increase prices by 10% for plastic food packages used by meat industry professionals, among others.

UK-based Linpac will raise prices for all of its expanded polystyrene products (EPS) – often used to store hot food and takeaways – by 10% with immediate effect.

Due to the increase in oil prices, further exacerbated by trade patterns and currency movements, styrene monomer prices have been increasing since October 2016,” said Linpac in a statement.

The toil of oil

The business said the increase in oil prices – with major benchmark prices of crude oil up 50 cents to $55.62 per barrel – had “very significantly” impacted the cost of polystyrene.

Polystyrene is the key raw material for Linpac’s EPS packaging products. As a result of the rise in oil price, Linpac said it had “no option” but to significantly increase prices by 10% with immediate effect.

Normally white in colour, rigid and tough, polystyrene it is a popular material in packaging and is used for everything from disposable plastic cutlery and dinnerware to building insulation.

The business supplies over 70 countries with food packaging and has more than 2,500 employees.
In the first half of 2016, Linpac announced a multi-million euro investment to develop sustainable packaging and firm up its position as one of Europe's leading food packaging manufacturers.

Post a comment

Comment title *
Your comment *
Your name *
Your email *

We will not publish your email on the site

I agree to Terms and Conditions

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Related products

Related suppliers