PRESS RELEASE – 19th June 2013
TCL Packaging of Telford, claims many packaging buyers are being asked to pay too much for treated and printed lidding films with some currently expected to paying as much as 20% more than they should be. This comes at a time when the films are in high demand, particularly for the soft fruit season.
Managing director Mike Golding comments “ The price being charged for PET lidding films with added heat seal or anti-mist coatings, micro-perforations and specialist print seems to be artificially high at the moment, bearing little relationship to the price of the raw material. Although additional treatments require specialist expertise and equipment, the additional cost being charged by some suppliers seems unrealistic to us”
The growth in lidding film sales at TCL has been dramatic in recent times and after some research the company concludes it is a combination of high demand and uncompetitive market pricing. “There is also a strong growth in printed lidding films as manufacturers, converters and growers look to save cost by removing an extra labelling process” says Golding
Notes to editors
TCL Packaging was established in 1999 and has built a reputation for supplying quality printed packaging films to converters and food manufacturers. Its printed films are used on many leading consumer brands and retail supermarket products. The company is three times winner of an EFTA print award.
In November 2012, a management buy-out was concluded and Mike Golding, managing director for two years, became the majority shareholder.
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Printed and treated lidding film prices are currently too high says TCL Packaging of Telford