Milliken Imposes Broad Price Increase

Textile, carpet and chemical manufacturer Milliken & Co. last week put into effect an across-the-board set of price increases of up to 15% on all products and services.

The company cited "unprecedented increases in raw materials, energy, freight, and other costs."

"Our initial and ongoing efforts to address these challenges have been focused on resisting increases, improving our productivity, and aggressively pursuing cost avoidance and savings opportunities. However, the speed and magnitude of recent cost escalations make it impossible for us to maintain our current pricing," said Joe Salley, president and ceo.

Milliken said the past year has seen an acceleration of long-term commodity price inflation.

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See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!