Mannington to hike prices of selected resilient products 4% to 6%
Citing the need to offset significant cost increases in raw materials, energy and transportation, Mannington Mills announced that it is implementing a 4 to 6 percent price hike on selected resilient products.
The company attributed several factors to this increase, including market disruption of key raw materials, specifically the rising costs of PVC resins and plasticizers. Additionally, increases in both oil and natural gas have unfavorably impacted energy and transportation costs.