FiberVisions of Duluth, Ga., will implement a 10% price increase on all grade of geotextile staple fibers, effective Oct. 1, 2017. The company says the price increase is independent of any movement in the index that sets fiber pricing. FiberVisions said it is making the price increases to return their geotextile business to a commercially sustainable position.
Owned by Thailand-based Indorama Ventures Public Company Limited, a global producer of polyethylene terephthalate (PET) and purified terephthalic acid (PTA), FiberVisions is one of the largest producers of polyolefin staple fibers. The company has four manufacturing facilities in Georgia, Denmark and China.