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Polymer Group, Inc. Announces Global Price Increases.

Publication: PR Newswire
Publication Date: 04-OCT-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Polymer Group, Inc. (OTC Bulletin Board: POLGA; POLGB) announced it will raise prices on its products globally due to significant raw material cost increases.

Costs of polypropylene, which is the primary component of PGI's spunmelt products, have risen more than 35 percent in North America since the beginning of the year and slightly more in Latin America and Asia. Polyester and rayon costs, which are broadly used in PGI products, have increased more than 15 percent and 30 percent, respectively. Other...

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