PGI to raise prices in Latin America, effective June 1

16 May '08

1 min read

Polymer Group Inc (PGI) announced that it will raise prices on its materials sold in Latin America due to significantly higher oil-based raw material and other increased local production costs. The company will raise prices 9 percent on its products in the region, effective June 1.

"PGI has made major efforts and progress over the past year in maintaining our current prices as much as possible but we now must make adjustments based on the market realities of escalating energy and raw material costs, as well as inflationary conditions in Argentina," said PGI's vice president and general manager for Latin America, Rolando Dominguez.

"These increases are necessary for us to continue to deliver high quality, innovative products and excellent technical service to the market at a fair price."

Polymer Group Inc, one of the world's leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 18 manufacturing and converting facilities in eight countries throughout the world.

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