European provider of customised solutions for all sectors of the polyester market AdvanSA has increased its prices for polyester fibres in the range of €0.15 –€0.25/kg. The move comes as a result of a continued increase in the cost of raw materials for polyester which, according to the company, have risen by 25% since June. The company’s price increases are in line with the rise in Western European Contract Prices for paraxylene and glycol in the third quarter of 2006.

According to Heinz Meierkord, vice president Marketing & Sales, “The situation for the purchase of raw materials has developed over the last weeks with continuous high volatility in a way that major parts of a polyester fibre portfolio are reaching levels of financial returns without any fixed cost contribution.” Similar  to situations like in 1995 the cost increases from crude oil need to reach final consumers now in order to keep a global industry healthy,’’ he added.