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DAK Americas to increase PSF prices by $0.08 per pound

14
Feb '11
A combination of global market dynamics has created an environment of continued escalation in the price of polyester products.

Several important factors are influencing the market in the first quarter of 2011.

The cost of crude oil has increased to a new post recession level, impacting the raw material cost of polyester.

The petrochemical intermediates for the manufacture of polyester, paraxylene and PTA, are at a very high utilization rate with some possibility of global supply restriction.

The substitution of polyester staple as a low cost alternative for cotton is creating firm demand for polyester ingredients and products.

In response to these global market dynamics, DAK Americas will increase prices for all Polyester Staple Fiber (PSF) products.

Effective March 1, 2011; DAK Americas will increase PSF prices by $0.08 per pound.

DAK is committed to the 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.

Alfa S.A.B. de C.V.(www.alfa.com.mx) is a Mexican company comprising four business groups: Alpek (petrochemicals), Nemak (aluminum auto components), Sigma (refrigerated food) and Alestra (telecommunications).

DAK Americas


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