Charlotte, NC, September 28--Wellman, Inc has announced, that effective with October 25, 2004 shipments, it will increase the price of all polyester staple fiber products for the apparel, home furnishings, nonwovens, industrial, and fiberfill markets by 3 cents/pound.
Joe Tucker, vice president, Fibers and Recycled Products Group, made the announcement, noting, "We realize that this increase is coming very quickly. However, the cost of polyester staple raw materials has accelerated to unprecedented levels, at a pace that was not anticipated. This pricing initiative is necessary to partially offset this unexpected raw material increase."
