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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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