Breaking News

DAK Americas Announces Force Majeure

September 7, 2005

In response to the recent hurricane on the U.S. Gulf Coast, DAK Americas has added a $.15/lb. price surcharge, effective September 5, 2005, to all of its staple fiber products sold to carpet, home furnishings, apparel, industrial and fiberfill markets. According to the company, the surcharge is intended to capture the dramatic increase in raw material ingredient and energy cost associated with Hurricane Katrina.

In a recent statement, fibers director Jon McNaull remarked that DAK Americas remains committed to the polyester staple business. “We understand the stress that the entire fiber industry is facing but we must offset these ingredient increases in order to remain a quality supplier to the market.”