Wellman Inc announced that effective with September 3, 2006 shipments, it will increase the price of all polyester staple fiber products by 5 cents/pound.
Joe Tucker, Vice President, Fibers and Recycled Products Group, attributed the increase to the continuing rise in petroleum-based raw material costs.
Tucker commented, "Raw material costs will exceed levels beyond those recorded last year following the Gulf Coast hurricanes. We simply cannot absorb or offset these increases."
Wellman remains committed to providing the high level of quality products and support services that our customers have come to expect.
Wellman Inc manufactures and markets high-quality polyester products, including Fortrel brand polyester fibers and PermaClear and EcoClear brand PET (polyethylene terephthalate) packaging resins.
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