22 April 2010 – Effective June 1, 2010 Colbond will raise prices 5-9% in North America for their entire product range due to the continued and unabated escalation of raw material, energy, and transportation costs. The company is in the process of informing customers.
“Due to significant increases in the cost of the supply chain raw materials such as Paraxylene, Caprolactam and Propylene, the major raw material feedstock for polyester, nylon 6 and polypropylene polymers, the primary ingredients for all Colbond products, we have no choice but to pass part of these cost increases on to our customers as we see no indications that this situation will change appreciably in the near future,” said Randy Cook, Vice President Colbond, Inc.
“We have held off as long as possible, hoping that the increases in prices in the petrochemical supply chain, which began last year and have continued throughout this year so far, would moderate; however, that has not been the case. Continued global demand pressure on these ingredients coupled with supply shortages in some cases, have actually led to the doubling of prices for some of these resins.”
“As a company, we remain committed to provide market leadership by investing in technology, innovation, sustainability and new product developments to help our customers to maintain and grow their businesses,” Cook said.
ABOUT COLBOND
Colbond is a leading producer and supplier of high-quality synthetic nonwovens for flooring, automotive and construction applications and of three-dimensional polymeric mats and composites for civil engineering, building and industrial applications. The company’s production facilities are based in Emmen and Arnhem (NL), Obernburg (D), and Asheville (NC, USA). Regional sales offices are located all over the world. For product and application development, the company maintains a Development and Application Centre at the Arnhem head office and a Development Laboratory in Asheville. Colbond is part of the Technical Textiles Division of Low & Bonar. Listed on the London Stock Exchange, Low & Bonar employs more than 2,700 people worldwide.
LINKS
Colbond Profile on Geosynthetica
Colbond Geosynthetics Website
Colbond Global Website
