Solutia Announces Nylon Fiber Price Increase
"While we have worked hard to aggressively increase productivity and reduce fixed costs, that is not sufficient to off-set the tremendous increase we've seen in operational costs -- ranging from labor and medical expenses, to raw material and energy costs. Raw materials and energy have had a sustained increase which has accelerated sharply in recent months, leaving us little choice but to raise prices to partially offset the impact," said Brad Hill, Vice President of Marketing and Business Management for Solutia's Integrated Nylon Platform.
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