12.02.21
TWE Group announced it will be increasing the prices of its nonwoven products.
The entire global economy has been struggling with a significant increase in logistics and raw material costs since the start of the Covid-19 pandemic. This is now compounded by increased energy costs. These dramatic price developments have exceeded the worst expectations and current forecasts indicate that they will remain at the same level or even increase further into 2022.
Additionally, the situation is exacerbated by severe shortages of raw materials. TWE’s production and its products are therefore strongly affected not only by price increases for energy and transportation, but also for fibers.
"In recent months, the TWE Group has tried to absorb these increases internally and not pass on the price increases in full to our customers. However, the constantly rising prices and the negative outlook now force us to act and make it impossible for TWE to bear the cost increases alone," says Ralf Berens, TWE Group CCO.
Due to this development, the TWE Group is forced to adjust the prices for its nonwovens. Specifically, this means a price increase of 10% to 18% for TWE nonwoven products.
"This is the only way to ensure that we can continue to serve our customers with the quality they are used to and to be a reliable supplier for our customers even under the current difficult conditions," explains Berens.
The entire global economy has been struggling with a significant increase in logistics and raw material costs since the start of the Covid-19 pandemic. This is now compounded by increased energy costs. These dramatic price developments have exceeded the worst expectations and current forecasts indicate that they will remain at the same level or even increase further into 2022.
Additionally, the situation is exacerbated by severe shortages of raw materials. TWE’s production and its products are therefore strongly affected not only by price increases for energy and transportation, but also for fibers.
"In recent months, the TWE Group has tried to absorb these increases internally and not pass on the price increases in full to our customers. However, the constantly rising prices and the negative outlook now force us to act and make it impossible for TWE to bear the cost increases alone," says Ralf Berens, TWE Group CCO.
Due to this development, the TWE Group is forced to adjust the prices for its nonwovens. Specifically, this means a price increase of 10% to 18% for TWE nonwoven products.
"This is the only way to ensure that we can continue to serve our customers with the quality they are used to and to be a reliable supplier for our customers even under the current difficult conditions," explains Berens.
