Press

14 Jan. 2013

Propex February 2013 Price Increase

Corporate News

Propex 

January 14, 2013

 

Dear valued customer,

On behalf of the Propex Infrastructure Solutions team, I would like to thank you for your continued loyalty and support. One of our responsibilities and commitments is to keep you informed as to the world of polypropylene feedstock pricing and availability. There are a number of dynamics and influencers occurring in the world of petrochemicals and specifically, polypropylene. As we have shared via previous communications over the past few years, polypropylene raw materials have been going through an extended period of volatility. Most of this volatility is driven by a higher demand that is greater than supply and industry availability. Prices for polypropylene resin have been at low levels for an unprecedented time period, but due to the current dramatic rise in raw material feedstock drivers, we are forced to execute the following price increase.

Effective February 1, 2013, we will implement a price increase of 15% on our full portfolio of geotextile and erosion control products. All orders must be received and shipped by 5:00 EST, Thursday, January 31, 2013 to be invoiced at current pricing. Any confirmed orders placed prior to today’s date with scheduled ship dates will be honored at the confirmed price and ship date. Any new orders received or shipped after January 31, 2013 will be confirmed at the new price. Propex reserves the right to limit quantities. Your Territory Business Manager is available to answer any questions you may have. We anticipate the current environment for petrochemical feedstock to continue to increase and expect additional price actions in the near future.

It is our continued responsibility to set standards for best practices that will strengthen and grow our industry. Aligning yourself with an innovative global leader such as Propex during these times will assure your business a continued long term supply of high quality products and value for the markets we service together.

The Propex Brand Promise ensures you of our commitment to provide the highest quality products, technical expertise, exceptional customer service, and the broadest portfolio of solutions in the industry.

 

Best regards,

John W. Goers

Vice President

Propex Infrastructure Solutions

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