St. Louis, MO, Dec. 19--Solutia Inc. has announced a price increase on nylon carpet fiber for the residential carpet market segment. An increase of ten to 15 percent will become effective for shipments on or after February 1, 2004 on unbranded residential nylon staple and bulk continuous filament.
"Due to geopolitical factors impacting oil and the regional factors impacting natural gas in the United States, our costs to produce nylon fiber have soared this year. While we have worked hard to improve productivity and reduce costs, we have not been able to overcome the raw material and energy cost increases we have experienced. Increased prices will help alleviate some, but not all of the burden of these higher costs," said Brad Hill, Vice President of Marketing and Business Management for Solutia's Integrated Nylon Platform.
