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PGI Will Raise Prices



Published January 24, 2008
Related Searches: PGI Polymer Group Rise nonwovens

Nonwovens maker Polymer Group, Inc. (PGI), has announced it will raise  prices globally due to continued increases in raw material costs.

Price increases from PGI suppliers have continued to rise in recent periods, reaching record highs. In certain cases, input prices have increased by more than 30% percent in recent months. Both resin and fibre-based raw materials have increased dramatically, specifically polyester, polypropylene, pulp and rayon, which are key components of the company's products.

The price increases faced by PGI’s customers will vary based on the product composition, but in most cases will be in excess of 10%.