POLY MAKERS TRY AGAIN: Two polyester staple manufacturers recently kicked off a new effort to raise their selling prices by as much as 12 percent, citing rising raw materials costs. This marks a return to their efforts of 1999 to 2001, when North American producers of the fiber announced five separate price hikes in an effort to improve their margins and gain back some of the ground they had lost in the wake of the Asian financial meltdown of 1997.
On Monday, KoSa said it would raise its staple selling prices by 12 percent, effective that day. Its decision followed a move by Nan Ya Plastics Corp. America to rise its staple prices by 7 to 10 percent, effective May 1. DAK Americas, which owns the former polyester staple operations of DuPont, plans an 8 percent hike beginning April 28.
“Our key two raw materials are derivatives of oil and natural gas and are having price increases,” explained DAK president Hector Camberos.
Previous rounds of price increases also involved Wellman. The last round of price hikes came in March 2001. According to the consultant DeWitt & Co., at the end of last month, the price per pound of polyester staple was around 48 cents, off 11 percent from a year earlier.
NEW SOURCING SHOW: Apparel producers from 28 countries in Asia, Africa, Europe, North America and South America are expected to participate in next week’s NAMSB World Source show in Manhattan. The new event is being organized by the same group that produces men’s wear shows four times a year in Manhattan. It is scheduled to run April 7-9 at Pier 52, along the Hudson River.