The gas and oil crisis that is affecting all of us is slowly trickling down to all aspects of our lives. And now…..it is going to affect our kitchens.
Tupperware will have to raise the prices of many of their plastic products due to the rising costs of resin. While the price increase will only be minor, according to the company, it is just another example of how out of control the gas issue has become.
Dow Chemical Co, which supplies resins to plastics companies, including Tupperware has recently had to raise product prices by almost 20 percent to offset rising energy costs. Dow has passed the price increases along to companies that use plastics, like Tupperware.
Tupperware says that the oil-induced cost of resin will be going up around $5 million dollars. VP of investor relations, Teresa Burchfield, says that the company will do its best to limit price increases, but that some of the costs will be passed along to consumers.
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Comment by Josh Maxwell — June 20, 2008 @ 5:00 am
[...] is the lasted MLM company to be affected by the US economy woes being hit with higher prices from Dow Chemical Co due to the rising costs of resin - one of the main components in [...]
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