St. Louis, MO, Feb. 21--Solutia will increase its prices on nylon carpet fibers for both the residential and commercial carpet market segments. An increase of up to 13% will be effective March 3 for residential carpet fibers, and April 1 for commercial carpet fibers. These increases are for branded and unbranded sales, nylon staple and BCF.
"While we have worked hard to aggressively increase productivity and reduce fixed costs, that is not sufficient to offset the tremendous increase we've seen in operational costs -- ranging from labor and medical expenses, to raw material and energy costs. Raw materials and energy have had a sustained increase which has accelerated sharply in recent months, leaving us little choice but to raise prices to partially offset the impact," said Brad Hill, vice president of marketing and business management for Solutia's integrated nylon platform.
