- 29 January 2008 -

Global price increases on PGI nonwovens

Nonwoven manufacturer Polymer Group, Inc (PGI) is to increase prices on its products globally, following continued increases in its raw material costs.

According to the company, the prices of both resin and fibre-based raw materials, including polyester, polypropylene, pulp and rayon, have increased dramatically, with input prices increasing more than 30% in recent months in some cases.

PGI says that most of its price increases will be in excess of 10% to mitigate the increased prices the company has received from its suppliers.

"We continue to focus on initiatives to streamline our manufacturing processes and reduce our costs which enable us to combat rising raw material and energy costs to an extent," said PGI's CEO, Veronica M. Hagen. "However, the recent unprecedented cost escalations of certain of our raw materials require further actions to ensure we can continue to serve our customers effectively. This phenomenon is not unique to PGI but is impacting our entire industry."

www.polymergroupinc.com