While the last two years have seen so-called energy surcharges on certain chemicals and plastics raw materials, Graham Packaging Co., L.P. is one of the first plastics processors to impose such a variable surcharge on molded products.
While the last two years have seen so-called energy surcharges on certain chemicals and plastics raw materials, Graham Packaging Co., L.P. is one of the first plastics processors to impose such a variable surcharge on molded products. This $2.4-billion blow molder based in York, Pa., started the program this month. “Energy-related costs are up 22% from the start of last year and this is well beyond what we are able to offset, even through aggressive cost and productivity improvements,” said Philip Yates, chairman and CEO. The company declined to disclose the amount of the surcharge or how it was applied to individual customers.