24 June 2010 – Freudenberg Politex is forced again to raise its sales prices.
Raw materials on the market are very short and over the last few weeks this situation has dramatically affected costs, with unpredictable and uncontrollable rises.
Riccardo Sollini, President & CEO of the Group, has stated that "this further review of prices is unfortunately a forced choice, due to the necessity to maintain the engagements with our customers, our associates and with all other induced players. It is our responsibility to secure raw materials at any price, to avoid discontinuing our production in order to guarantee the continuity of our service. We ask again for the support of our customers and their understanding of this decision, made to protect our short term activity and confirm our long term commitment.
"With the same sense of responsibility we are also committed to revising our prices downwards should raw material costs decrease in the forthcoming months."
The 7% prices increase will be applied effective from June 2010 including roofing reinforcements, nonwovens for thermal and acoustic insulation, as well as to all other building materials.
For more information, visit Freudenberg Politex’s website: http://www.politex.it/
ABOUT FREUDENBERG POLITEX
Freudenberg Politex is a multinational with its headquarters in Italy at Novedrate (Como). The Group’s core business is the production of polyester nonwovens, made using both staple and spunbonded technology. Freudenberg Politex is world leader in the Roofing sector, where nonwovens are sold as reinforcement for bituminous waterproofing membranes.
Over the years, cutting-edge technology and continuous research have allowed Freudenberg Politex to develop a broad new range of products for the construction industry (Building Materials): waterproofing, thermal insulation, soundproofing and products for numerous other applications. Completing the Group’s product offering are Voluminous Nonwovens used as padding in the furniture and clothing industries.
On most sites, the production process is integrated upstream, with polyester produced internally from recycled PET bottles.
Freudenberg Politex belongs to the Freudenberg Group (Weinheim, Germany), which comprises 14 Business Groups operating independently and active all over the world in different sectors.
