4 April 2011 – Tensar International Corporation, the leader in geosynthetic soil reinforcement and stabilization, has increased prices for its subgrade improvement and road base reinforcement geogrid products globally. The 10 percent increase, effective May 2, has been implemented to partially offset significantly higher polymer raw material costs.
“Global polymer costs have continued to rise steeply and market uncertainty has continued to fuel further increase,” explained Robert Vevoda, Tensar International President and Managing Director. “We had hoped for some stability in polymer prices following the sustained rises throughout 2010, but there are no signs of this happening, and we can no longer absorb the full cost increase.”
Global cost of polypropylene is affected by a complex combination of factors. Crude oil and natural gas prices, global cracking capacity and demand for gasoline and ethylene all have major impact on propylene availability and cost. Global polypropylene prices began an upward trend in early 2009. Apart from a slight easing in late 2010, prices have continued to climb — a trend that has also been seen with other construction materials, such as steel.
Tensar International, which pioneered polymeric grids for civil engineering applications, has witnessed a rapid switch from traditional biaxial geogrid products to their more efficient and higher performing TriAx triangular aperture grid products for subgrade improvement and road base stabilization. Additional information about TriAx Geogrid properties and capabilities is available at http://www.tensarcorp.com/TriAx.
About Tensar International
Headquartered in Alpharetta, Georgia, Tensar International is a full-service provider of specialty products and engineering services that offer innovative and cost-effective alternatives to traditional construction methods. Tensar solutions are based on advanced soil reinforcement technologies and incorporate proprietary, engineered applications for commercial, industrial, municipal, residential and transportation infrastructure site development. The company specializes in solutions for common site development challenges including grade changes requiring retaining walls and poor soil conditions affecting the cost of roadways, parking lots and building structures. Patented, polymeric Tensar® Geogrids are the primary component of the company’s systems, offering reliable strength and durability. Contracted services include site evaluation, conceptual engineering, design, and value engineering and installation advice. For more information, visit http://www.tensar-international.com.
CONTACTS
Mr. Tim Oliver
Vice President for Global MarketingTensar International Corporation
Tel: +44 1254 266814
toliver@tensarcorp.com
Angelica Nelson
Fifth Ring for Tensar
+1 713-457-2125
angelica@fifthring.com
