Wellman, Inc. said that effective with June 2, 2008 shipments, it will increase the price of all Fortrel polyester staple fiber products by 4 cents/lb.
The price increase marks the seventh since April 2007. Wellman has raised Fortrel prices 27 cents per pound since then. The staple fiber is often blended with cotton and used in a a broard array of products includiing outdoor apaprel.
“The price of crude oil continues to rise to unprecedented levels, placing upward pricing pressure on our chemical-based raw material, transportation and energy costs,” said Steve Ates, vice president sales and marketing. “This price increase is necessary to offset these escalating costs.”
