UNIVERSAL PACKAGE, LLC's BLOG 

Resin Surcharge Resulting from Hurricane Harvey

Posted by Mike Brandes on Wed, Sep 13, 2017

To our valued customers:

We have been notified by all our suppliers of both polypropylene (PP) and polyethylene (HDPE, XLPE, PE, and other oil-based plastics), foam, plastic sheet, and containers, that we are in a Force Majeure situation resulting from Hurricane Harvey and its aftermath. All suppliers of these products and materials made from these resins have been put on allocation by their resin suppliers.

At this time, we have not been told how severely this will affect our lead times and pricing. We currently have a healthy supply of containers, solid sheet HDPE, and fluted plastic PP sheets in our warehouse inventory. As we receive additional information from our suppliers, we will pass it along to you.

A surcharge on resin has been implemented. This will affect prices immediately. We will pass through only additional costs affecting us. Hopefully the surcharges will be short-term and resin prices will return to normal quickly. Again, we'll keep you informed of the situation as we receive information.

Universal Package is committed to serving you, our valued customer, with all possible expediency. By utilizing our extensive Supply Chain Partners Network, we will do our very best to lessen the impact of this National Disaster.

Thank you for your business, we look forward to continue serving you in the future.

 

Kind regards,

Mike Brandes

CEO, Universal Package, LLC

Tags: Press Release, News, Industry News