Price surcharge imposed by DAK Americas following disaster

05/09/2005

Following the major event on the US Gulf Coast, DAK Americas has begun notifying its polyester staple customers that all of its staple fibre products sold to apparel, fiberfill, carpet, home furnishings, and industrial markets will be subject to a $.15/lb price surcharge, effective September 5, 2005.

This surcharge is intended to capture the dramatic increase in raw material ingredient and energy cost associated with the events in the USA.

Although DAK Americas stated that it understands the pressure that the entire fibre industry is facing, it must offset ingredient increases in order to remain a quality supplier in this market.