Performance Fibers hike polyester fiber price, effective Aug 17
19 Jul '06
2 min read
Performance Fibers, an affiliate of Sun Capital Partners Inc, announced that it will increase prices on its polyester high-tenacity industrial fibers in the Americas by 10 percent, effective August 17, 2006.
The company said that the new pricing is necessary to help offset increasing raw materials, transportation and energy costs that continue to impact the polyester fiber business.
“These increases are needed to ensure that Performance Fibers continues to provide the highest level of product quality, service and value to our customers. Unfortunately, in the changing global environment, raw materials are being affected across many industries,” said Greg Rogowski, President and CEO.
“In the meantime, we are working with suppliers around the world to optimize our sourcing of materials and putting more emphasis on our productivity initiatives to combat the raw material increases impacting our industry.”
Performance Fibers is one of the world's leading suppliers of high-tenacity polyester and a global manufacturer of other man-made industrial fibers and fabrics. With manufacturing facilities in North America, Asia and Europe, its products are used in a wide range of consumer and industrial applications.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts and investments in market-leading companies that can benefit from its in-house operating professionals and experience.
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