Freudenberg Announces 20% Price Increase on Colback & Lutradur
Durham, NC, January 3, 2022-Freudenberg Performance Materials (FPM) has announced a general price increase for Colback and Lutradur products in North America.
This revision, effective January 17, has become necessary because of the sustained and unprecedented surge in cost for raw materials, packaging, freight, consumables and energy combined with disruptions in our inbound supply chain.
Costs across all categories have by far outpaced expectations and are forecasted to remain at high levels throughout 2022. These unprecedented cost trends have placed significant pressure on both product lines, which is why prices for all Colback and Lutradur branded nonwoven products will increase by up to 20% in January.