Inside EU: Lenzing Increasing Fiber Prices
Posted on: Friday, 4 November 2005, 03:00 CST
By Anonymous
The Lenzing Group, worldwide leader in the production of manmade cellulose fibers,will increase the prices of its fibers beginning in the 4th quarter. Increases of at least 5'/., depending on fiber type are envisaged, taking effect on October 1st.
These apply to fibers for both textile and nonwoven applications. The Lenzing Group is taking this action in order to compensate for the considerable increase in raw-material and energy prices which have been severely impacting the fiber businesses for many months and have recently become more pronounced.
The price increases to be implanted are in line with the general trend in the field of synthetic fibers resulting from the increasing cost pressures that the industry has been forced to sustain.
Copyright Osaka Senken Ltd. Oct 2005
Source: Asian Textile Business
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