Question-and-Answer Session
[Operator Instructions]. We will take our first question from the side of George Staphos, please go ahead.
George Staphos - Bank of America
Thanks. Hi everyone good morning. Two questions around pricing and margins, first off given the volume growth or the growth I think to be more precise that you talked about in one of your focused areas, it would seem to suggest that pricing didn't move all that much, Henry, can you help us bridge price versus volume roughly in flexible packaging. The second question, the follow-on is can you give us a sense on what you are seeing right now in terms of polyethylene, it would appear that resin on the whole was a little bit better than expected in 1Q, thanks.
Henry J. Theisen - President and Chief Executive Officer
Well, good morning, George. To get at your fist pricing... the first question on pricing, we saw a numerous price increases in polyethylene and almost all of the specialty raw materials that we purchased late in the second quarter and some of those raw material increases in specialty area past even... also has increases in the first part of 2008. Really the difference is in the lag which we've talked about, which can be three to six months for our contract customers in order to pass those raw materials on the escalate, de-escalate to them. And we are also in the process of having a general price increase to pass all of those raw material costs on. So it's really in the lag.
George Staphos - Bank of America
I understand.
Henry J. Theisen - President and Chief Executive Officer
And the second part of your... but I do want to emphasize that as far as pricing and margin, we are very happy in the areas that we have invested our technology and invested our capital in, some of those areas I pointed out in our discussion.
George Staphos - Bank of America
Yes.
Henry J. Theisen - President and Chief Executive Officer
As far as polyethylene price increases, there was a $0.11 price increase nominated for the first quarter that did not occur, that $0.11 still stands out there. And the resin companies are trying to get back through with the second quarter.
Operator
We'll take our next question from the site of Ghansham Panjabi. Please go ahead.
Ghansham Panjabi - Wachovia Securities
Hey guys, Good morning.
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