DAK Americas Announces Polyester Staple Fiber Price Increase
December 30 , 2005
CHARLOTTE, NC -- Effective January 1, 2006, DAK Americas LLC will drop all surcharges for polyester staple charged as a result of hurricane damage on the US Gulf Coast.
During the hurricane surcharge period, global costs of raw materials and energy have increased as the North American region recovered from the supply chain disruption.
As a result, the industry is in an environment of higher energy, transportation and raw material cost compared to pre hurricane levels.
Effective for January 1, 2006 shipments, DAK Americas LLC will increase polyester staple fiber prices by 4 cpp for all products sold to carpet, home furnishings, apparel, industrial, and fiberfill markets.
DAK Americas LLC is committed to the polyester staple fiber business and will continue to supply quality products, innovation and service to our customers.
About DAK Americas LLC and Alfa S.A. de C. V.:
DAK Americas, headquartered in Charlotte, N.C., is a wholly owned subsidiary of Alpek S.A. de C., the petrochemicals and synthetic fibers business group of Alfa S.A. de C.V. DAK Americas is comprised of three business units Resins (PET), Fibers (Polyester Staple) and Monomers (TPA- ingredients).
Alfa is one of Mexico's largest corporations with over 42,000+ employees and revenues of $5 billion (US) and has alliances with more than 18 leading companies worldwide.
This news release contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company’s strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. These factors could include, but are not limited to, changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales of agricultural products.
