These price increases are a consequence of the continuing global instability caused by Covid-19. The impact of this has been felt across our main supplier base from polymers and additives, through to logistics and energy. These shortages and increased costs within the supply chain are not only present in our industry but pose difficulties for businesses worldwide.
Moving into 2022, industry base-contract prices for polymers and additives will increase significantly following on from the substantial rises in energy costs seen in recent weeks.
As a result, our base fibre prices will be increasing from January 2022 to partly incorporate these rising costs.
This is completely unavoidable, and we are simply unable to absorb all of the impact and maintain our high standards of product quality, flexible service, and continuing innovation to the market.
To give our customers the best possible confidence in supply through these continuingly turbulent times, IFG remain committed to providing the highest quality products using secure and contracted volumes of first-class raw materials, giving our clients and the supply chain peace of mind.
We also remain committed to our use of green energy for the majority of our manufacturing. This is in addition to our growing range of bio and sustainable fibre alternatives launched this year, as part of our strategy to lead the industry into a more sustainable future.
We thank you for your continued support as we adapt and evolve with our customers and the market to meet the current and future demands of the industry.
If you have any questions relating to this announcement, please contact your sales representative, who will be in touch with more details.
Bernard Deruyttere Richard Barker-Poole
CEO Group Sales Director
International Fibres Group International Fibres Group