Wellman raises polyester prices

12/03/2008
US-based polyester products manufacturer Wellman, Inc. has increased its Fortrel polyester staple fibre prices by four cents per pound, effective April 15.
“The price of crude oil has risen to unprecedented levels, placing continued upward pricing pressure on our chemical-based raw material and energy costs," said vice president sales and marketing, Steve Ates. "This price increase is necessary to offset some of these escalating costs.”

Wellman also makes PermaClear and EcoClear brand PET (polyethylene terephthalate) packaging resins.