Global paraxylene supply to the polyester industry is very tight, with production struggling to meet demand from existing PTA plants. New PTA operations in Asia are putting further pressure on an already strained paraxylene supply chain. Compounding these challenges, a major Asian PX facility has been immediately shut down in response to social concerns about its operation.
As a result, a significant increase in the global cost of paraxylene is working through the polyester value chain.
Due to the increased cost of polyester raw materials, DAK Americas will increase prices for all Polyester Staple Fiber (PSF) products.
Effective September 1, 2011; DAK Americas will increase PSF prices by $0.04 per pound.
DAK is committed to the polyester staple fibers business and will continue to supply quality products, services and innovation to its customers.
DAK Americas, headquartered in Charlotte, NC, is wholly owned by Alfa S.A.B. de C.V. of Monterrey Mexico. DAK Americas is comprised of four business units: Polyethylene Terephthalate Resins (PET), Polyesters Staple Fibers (PSF), Monomers/ ingredients (TPA/PTA), and Specialty Polymers. 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.
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