API Announces Price Increase

LONDON, ENGLAND | API Group, reported as one of the largest foil and holographic manufacturers in foil packaging solutions, has announced price increases of up to 20% for its foil product range, effective December 17, 2010. The company, which operates 15 facilities worldwide, employs approximately 800 people and has sales in excess of £85 million, cites the increasing costs of raw materials such as polyester and supply shortages as the key factors that have made the increases unavoidable.  

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