Effective Oct. 1, 2006, Fort Mill, S.C.-based Wellman Inc. will raise the price of all polyester
staple fiber products by 5 cents per pound.
The price hike comes on the heels of the company’s previously announced 5-cents-per-pound
increase effective September 3, and is the sixth price increase instituted since the beginning of
2006.
“There is continuing upward pressure on the cost of our raw materials, which have already
surpassed levels recorded last year following the Gulf Coast hurricanes,” said Joe Tucker, vice
president, Fibers and Recycled Products Group. “We cannot absorb or offset these increases and need
to work to maintain margins that allow us to continue to meet future customer needs.
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September 5, 2006
