While the company remains committed to a continued high standard of service and reliable supply, it is no longer able to absorb these higher cost levels without disruption and impact to supply levels and announces price increases to compensate for these movements.
Fibertex continues to work on measures to improve its productivity, strive to keep and secure competitive prices, and it continues to take measures to avoid further increases where possible. Also, it will be pleased to discuss with its customers if they together can identify solutions that are suitable for both parties to reduce the impact of the increased costs.
Volatile raw material markets are having an increasingly strong impact on all textiles and nonwovens-related industries. The company hopes for its customers’ understanding of this situation which is due to factors completely beyond its control.