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DAK to raise polyester staple fiber prices

10 Nov '07

2 min read

Due to a global increase in the raw material cost of ethylene glycol, a key ingredient in the production of polyester products, DAK Americas will increase prices for all polyester staple fiber products.

Effective December 1, 2007, DAK Americas will increase polyester staple fiber prices by $0.03 per pound.

DAK is committed to the polyester staple fiber business and will continue to supply quality products, innovation and service to our customers. Jon McNaull Fibers Business Director DAK Americas LLC.

DAK Americas, headquartered in Charlotte, N.C is wholly owned by Alfa S.A.B. de C.V. DAK Americas is comprised of three business units Resins (PET), Fibers (Polyester Staple) and Monomers (TPA- ingredients).

ALFA is a Mexican company consisting of four business groups: Alpek (petrochemicals), Nemak (high-tech aluminum auto parts), Sigma (refrigerated food), and Onexa (telecommunications). Worldwide, ALFA is one of the leading producers of cylinder heads and blocks, and PTA.

In Mexico, ALFA is the leader of the processed meats market. In 2006, ALFA reported revenues of U.S. $6,858 million, including foreign sales of U.S. $2,998 million and assets of U.S. $6,844 million. Currently, ALFA has manufacturing operations in 16 countries and employs more than 48,000 people. ALFA shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American stocks in the Madrid Stock Exchange.

DAK Americas LLC

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