WEST PATTERSON, N.J. — Cytec Industries Inc. said Wednesday it will increase prices 2 to 3 percent on Creslan acrylic fibers used in the pile, knit outerwear and hosiery markets. The increase is effective with shipments beginning Oct. 1.
Increased raw material costs and a strong demand for acrylic fibers by these markets is the primary reason for the increase, the company said. The last time prices were increased on these fibers was four years ago, a spokesman noted.
Early in August, Cytec announced a 2 to 3 percent price hike on Creslan acrylic fiber for the package-dye market, effective with shipments starting today.