We are facing significant price increases on a global scale of up to 20% on our main raw materials, such as polyester, viscose and polypropylene fibres in among others, combined with higher freight costs and important currency fluctuations. This situation has developed substantially, especially after OPEC decided to decrease oil production at the end of 2016.
Looking forward into 2017 the expectations and forecasts are, unfortunately a continuing increase on our raw materials. We have until now, maintained and kept our prices stable supporting the raw material increases and higher costs in general.
Regretfully, we are not able to continue absorbing the increased costs at this higher level and therefore need to announce that our prices will increase up to 10% with effect from 1 March 2017.
We are hoping for your understanding of this situation, which is due to factors completely out of our control and affecting all manufacturers. We guarantee that we will continue to work and take measures to avoid further increases and to continue securing competitive prices, good service and fulfilling your needs for reliable quality and deliveries.
Fibertex Nonwovens A/S
Jørgen Bech Madsen