International Fibres Group – 2022 Price increase notification
Our industry has been faced with numerous price increases in recent months for a wide variety of products and services. As we are heading to the end of 2021 we are again warned about multiple price adjustments by our suppliers and for various reasons.
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.
Read more at IFG’s webpage