Nonwovens producer Polymer Group raising prices
June 18, 2007,
Charlotte, N.C. -- Polymer Group, Inc. is implementing global price increases on most of its converted and roll goods products due to high levels of raw materials prices that have increased, in some cases, nearly 30% over the last six months, the company said.
The price increases vary by specific product and range from 3% to 12%.
"Prices for our raw materials eased in late 2006, but have since increased steadily as the capacity of our suppliers remains tight," said ceo Ronee Hagen. "We have been managing some of the cost increases throughout the year. However, as certain raw materials have seen dramatic increases in recent months, we are compelled to make necessary adjustments.”
Polymer Group said the “global supply situation of viscose is creating a difficult sourcing environment. In addition to pulp-based materials, petroleum-based raw materials including polyester, polypropylene and polyethylene have increased since the beginning of the year.”
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