During the beginning of 2012 our main raw materials have been increasing significantly. This is mainly related to very high oil prices due to the unstable supply situation as well as an imbalance between supply and demand on polypropylene. It is expected that the polypropylene prices will remain at a high level in the future.

We are no longer able to absorb these increased costs. In order to compensate for this Fibertex are increasing prices on PP based product by approximately 10% effective 1 April 2012.

In this situation Fibertex will strive to keep and secure competitive prices and continue to take measures to avoid further increases.

Fibertex will continue to do the utmost to fulfil the needs of our customers for reliable deliveries and good service.