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Polymer Group raises prices on resin, fiber

Charlotte, N.C. – Resin and fiber-based materials producer Polymer Group (PGI) will increase prices due to continued increases in raw material costs, the company said.

“In certain cases, input prices have increased more than 30% in recent months,” the company said, noting that polyester, polypropylene, pulp and rayon have seen some of the fastest price increases.

PGI said its price hikes “will be in excess of 10%” in most cases.

“This phenomenon is not unique to PGI but is impacting our entire industry,” said PGI ceo Veronica Hagen.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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