This increase is necessary due to the continued upward movement of raw material costs, the company says.
DAK executives say they are committed to the polyester staple fibers business and will continue to supply quality products, services and innovation to customers.
DAK Americas, wholly owned by Alfa S.A.B. de C.V. of Monterrey, Mexico, is comprised of five business units: Polyethylene Terephthalate Resins (PET), Polyesters Staple Fibers (PSF), Monomers/ ingredients (TPA/PTA), Specialty Polymers and Green Polyester. DAK is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibers in the Americas. DAK is focused on the future with numerous sustainability initiatives across its businesses.