Colbond set to up prices January 1,
company makes synthetics for carpet
Company vice president, Axel Poscher said Colbond has no alternative but to increase its prices across the board. "The last time our prices increased in January 2005, we were very modest in our calculations, hoping that energy costs would level out and raw material and transportation prices would stabilize. However, that has not been the case due to unfortunate situations affecting the world's oil and energy supply as well as continued global demand pressure on petrochemical ingredients. We have no choice but to pass part of these cost increases on to our customers as we see no indications that this situation will change in the near future."
Colbond produces synthetic nonwovens for flooring, automotive, and construction applications, and three-dimensional polymeric mats and composites for civil engineering, building and industrial applications.