Chagrin Falls, OH, February 24--Johnsonite announced a 4-5% price increase on February 14 effective March 7, 2005.
Carmen Pastore, senior vice president of Johnsonite, said raw materials have increased well beyond petroleum and natural gas, including other resources necessary for the production of Johnsonite product solutions. Pastore specifically pointed to a worldwide imbalance between supply and demand for polymer driven commodities that have led to increased costs well beyond normal industry trends.
"Despite the significant increase in demand, raw material manufacturers are not rushing to materially increase their manufacturing capacity," stated Pastore. "Therefore we remain concerned that further increases may be required."
To offset additional material costs that are being absorbed by Johnsonite, Pastore stated that the company is continuing to enhance its operating and manufacturing processes for improved efficiency.
Johnsonite is a leader in flooring solutions that integrate design, function and life-safety. Sales, manufacturing operations and product distribution facilities are located throughout North America.
