Home / Knowledge / News / Textiles / Polymer Group Q3 sales marginally down
Polymer Group Q3 sales marginally down
Nov '13
Polymer Group, Inc. reported results of operations for the third quarter and nine months ended September 28, 2013.


Net sales were $289.0 million for the third quarter of 2013 compared with $290.1 million for the third quarter of 2012.  The decrease in net sales was primarily driven by lower overall volumes, partially offset by improved pricing and favorable foreign currency impacts.

Net selling prices increased $0.2 million compared with the third quarter of 2012.  The pricing increase, which included $2.1 million in the Americas and $1.0 million in Europe, resulted from passing through higher raw material costs associated with index-based selling agreements and market-based trends. 

In addition, favorable foreign currency impacts of $4.1 million resulted in the higher translations of sales generated in foreign jurisdictions, particularly in Europe and Asia.  However, these amounts were partially offset by lower net selling prices in Asia as more hygiene volumes were sold at lower overall selling prices, a result of the product mix of sales compared with the prior period.

Overall volume in the Nonwoven segments decreased $5.0 million compared with the third quarter of 2012.  Incremental growth of $4.3 million in Asia was primarily driven by higher volumes sold in the Healthcare market from the new spunmelt line installed in 2011. In addition, we completed the installation of our manufacturing line in May 2013, which will provide additional capacity in the Hygiene market in Asia. 

Volumes were lower in the Americas and Europe, impacting sales by a combined $9.3 million.  European volumes reflected improvements in the Healthcare and industrial markets, offset primarily by reductions in the Hygiene market.  The Americas were impacted by the exit of certain low-margin business in the Healthcare market during late 2012 and lower consumer disposable volumes.  In addition, net sales in our Oriented Polymers segment decreased $0.7 million primarily due to lower demand in the construction and industrial markets.

Click here to read full results

Polymer Group

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: Adidas

Apparel/Garments | On 28th Apr 2017

Adidas, Siemens initiate joint research programme

Adidas and Siemens are initiating a joint research programme for...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search