Fibertex Nonwovens announces price increases
AALBORG, Denmark, November 18, 2021-
Fibertex announces a general price increase to be effective January 2022, due to unforeseen negative impacts caused by significant increases in raw materials, energy and freight, accompanied by extreme volatility in demand patterns and supply chain disruptions.
Developments in these costs have increased beyond the worst expectations, and are all expected to remain at these elevated levels for the rest of the year and well into 2022. The current forecasts indicate a strong possibility that they may climb even higher. Historical high raw materials and other costs, as well as the recent surging and persistently high costs of energy and freight, have created significant challenges for both Fibertex and our customers.
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