PGI's nonwoven roll goods cost more in NA, effective Oct 1
27 Sep '05
2 min read
Multi-national Corporation South Carolina-based Polymer Group Inc (PGI) announced price increases on nonwoven roll goods in North America(NA) of up to 12 percent, depending on the specific products, due to rapid increases in raw material and energy costs.
The increases, effective October 1, will primarily apply to products with petroleum-based raw materials including polyester, polypropylene and polyethylene. Additionally, price increases of up to 15 percent will be implemented for certain oriented polyolefin products. Outside of North America, the company will implement price increases on polypropylene-based products, with the amount of price impact dependent on local market factors.
"Hurricane Katrina's impact on the U.S. Gulf Coast has resulted in dramatic increases in raw material ingredients and energy costs for PGI's suppliers. In response,suppliers are increasing prices to PGI. The company is proactively working to mitigate the impacts as much as possible, but the severity and swiftness of the increases necessitate taking additional steps," said James Schaeffer, PGI Chief Executive Officer. "Additional negative impacts, like Hurricane Rita, have not been factored into the increases at this time. As the supply chain recovers, customers should rest assured that PGI will work diligently to make equitable price adjustments as expeditiously as possible."
"Although the recent storms in the U.S. have resulted in a more severe impact in North America, the petroleum-based supply chain is being impacted around the world. Through global purchasing efforts, they are working with suppliers in every region to optimize their sourcing for the best benefit of their customers. The increases of their sales prices are necessary to ensure customers continue to receive the best total value in the industry," Schaeffer added.
Nonwovens producer Polymer Group Inc is one of the world's leading company which is a global, technology-driven developer, producer and marketer of engineered materials. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 21 manufacturing facilities in 10 countries throughout the world.
marketing@alchempro.com
