Polymer Group, Inc. has announced an increase in prices for its products globally due to persistent hikes in raw material costs. Polymer Group, Inc., one of the world's leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials. In certain cases, feedstock costs have increased more than 30% in recent months. The price increase amount will vary based on the product composition, but in most cases will exceed 10% to mitigate the increased supplier prices. Both resin and fiber-based raw materials have increased dramatically, particularly polyester, polypropylene, pulp and rayon, which are key components of the company's products.
PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 19 manufacturing and converting facilities in 9 countries throughout the world.