Tensar announces geogrid price increase
8% hike is effective Feb. 20
GeosyntheticsMagazine.com | January 22, 2013
In a Jan. 21 letter addressed “To Our Business Partners,” Tensar International Corp.’s vice president and general manager said the company’s geogrid prices will increase by 8% in February.
Citing rising raw materials costs, primarily polypropylene resins and additives, Dean Ditmar announced a price increase for Tensar’s biaxial and triax geogrids in the U.S., Canada, and Latin America markets. The 8% increase is effective Feb. 20, 2013, according to the letter.
The letter quoted Ditmar: “We will continue to pursue all options to manage our costs and minimize the need for future price increases.”