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Benzinga
Benzinga
Business
Shivani Kumaresan

Myers Industries Plans Price Hike In Material Handling Segment

MYE Myers Industries Inc NYSE
  • Myers Industries Inc (NYSE:MYE) plans to implement price increases effective April 18, 2022, across most of its portfolio of products in the Material Handling Segment. The details of the price hike were not disclosed.
  • The price rise results from high inflation and rising raw material, freight, energy, fuel, labor, and corrugated costs.
  • Myers manufactures polymer products for industrial, agricultural, automotive, commercial, and consumer markets.
  • Price Action: MYE shares are trading higher by 1.50% at $20.26 on the last check Monday.
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