Lenzing raising prices
September 6, 2005-- Home Textiles Today,
LENZING, Austria -- The Lenzing Group, a producer of man-made cellulose fibers, plans to increase the prices of its fibers beginning in the fourth quarter.
Increases of at least 5 percent -- depending on the fiber type -- are expected, according to the company. The increases will take effect Oct. 1 and will apply to fibers used for both textiles and nonwoven applications.
“The Lenzing Group is taking this action in order to compensate for the considerable increase in raw-material and energy prices which have been severely impacting the fiber business for many months and have recently become more pronounced,” the company stated.
Related Content By Author
Industry Related Content
Countdown to Intertextile Shanghai