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Freudenberg Politex To Raise Prices

March 23, 2010

Freudenberg Politex's price hike to go into effect second quarter 2010.

Freudenberg Politex announced a price increase. The company stated that it was able to keep the prices stable for a long period, adopting a very strict policy of cost reduction and optimization of its processes and being capable of absorbing the effects of the global crisis in 2009. The pressure on all costs, raw materials in particular, started again to grow at the end of last year and is now escalating quickly. In spite of the improved efficiency, Freudenberg Politex cannot compensate further the increase of costs.

This scenario forces the Group to apply a sale price increase of 7% in the second quarter 2010, as it asks its customers to face the new challenges of 2010 together.

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