Tensar announces geogrid price increases

Tensar International Corp.’s prices for its subgrade improvement and road base reinforcement geogrids are going up effective Feb. 15, according to a press release from the company.

The price hikes come as a result of higher polymer raw material costs, the company said.

“Polymer cost increases have continued throughout 2010,” explained Robert Vevoda, Tensar president. “We held on for as long as possible hoping to see prices drop, but this has not happened, and we can no longer absorb the full cost increase.”

“The high durability and stiffness of polypropylene make it ideal for stabilization geogrids,” Vevoda continued. “We have continued to invest in the development of new polypropylene products such as TriAx geogrid that deliver improved performance. This has helped us to maintain the high value proposition delivered by Tensar technology.”

Source: Tensar International Corp.