Benzinga | Dec 15, 2021 09:17AM EST

Amcor Announces Global Price Increases

Amcor (NYSE:AMCR) (ASX: AMC) today confirmed price increases of up to 15% for products across its global businesses effective Jan. 1, 2022. The increases will vary depending on circumstances per customer, region and product type.

This measure is part of the company's ongoing response to supply constraints and higher input costs across multiple categories including raw materials, transport and energy since the beginning of calendar year 2021.

Peter Konieczny, Amcor's Chief Commercial Officer said: "Amcor is working closely with customers and supply chain partners to keep servicing elevated demand for high performance packaging. These price increases are necessary to ensure we continue to minimize the effects of challenges in global supply chains."