Tennessee based cellulose-based products seller Buckeye Technologies announced that it is implementing product surcharges of up to 5 percent effective October 1, 2005.
The need for the surcharges has been brought about by unprecedented energy related cost increases which have been exacerbated by the impact of Hurricane Katrina. The surcharges will apply to sales during the October-December quarter and will be reevaluated on a quarterly basis.
Buckeye Chairman, David B. Ferraro, commented, "The extraordinary and unprecedented high costs are experiencing make this step necessary. They will work closely with all customers to handle this difficult situation in the best possible manner. They are hopeful that these energy related cost increases will subside sometime in calendar year 2006, allowing us to return to more normal pricing mechanisms."
Buckeye is the only producer in the world offering cellulose-based specialty products made from both wood and cotton and utilizing wetlaid and airlaid technologies. As a result, they produce and market a broader range of cellulose-based specialty products than any of competitors.
marketing@alchempro.com
