DAK Americas Announces Polyester Staple Fiber Price Increase
January 10, 2012 - United States Of America
Due to the increasing cost of polyester raw materials, DAK Americas will increase prices for all Polyester Staple Fiber (PSF) products $0.05 per pound effective February 1, 2012.
This increase is a result of high operating rates in the global paraxylene market, as a significant increase in the global cost of paraxylene is working through the polyester value chain.
DAK is committed to the polyester staple fibers business and will continue to supply quality products, services and innovation to its customers.
About DAK Americas LLC and Alfa S.A.B. de C.V.
DAK Americas, headquartered in Charlotte, NC, is wholly owned by Alfa S.A.B. de C.V. of Monterrey Mexico. DAK Americas is comprised of four business units: Polyethylene Terephthalate Resins (PET), Polyesters Staple Fibers (PSF), Monomers/ ingredients (TPA/PTA), and Specialty Polymers. DAK is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibers in the Americas. DAK is focused on the future with numerous Sustainability initiatives across its businesses.
Alfa S.A.B. de C.V. is a Mexican company comprising four business groups: Alpek (petrochemicals), Nemak (aluminum auto components), Sigma (refrigerated food) and Alestra (telecommunications). ALFA is the world's leading manufacturer of high-tech aluminum engine heads and blocks. It is one of the world's largest producers of PTA, a petrochemical product, and has a leading market share in other petrochemicals in Mexico. In addition, ALFA is Mexico's leading producer of processed meats and cheese and one of the most important telecommunications services companies in Mexico. For 2010, ALFA reported revenues of U.S. $ 10.8 Billion, and EBITDA of U.S. $1,260 million. Currently, ALFA has manufacturing operations in 16 countries and employs more than 56,300 people. ALFA´s shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.
This increase is a result of high operating rates in the global paraxylene market, as a significant increase in the global cost of paraxylene is working through the polyester value chain.
DAK is committed to the polyester staple fibers business and will continue to supply quality products, services and innovation to its customers.
About DAK Americas LLC and Alfa S.A.B. de C.V.
DAK Americas, headquartered in Charlotte, NC, is wholly owned by Alfa S.A.B. de C.V. of Monterrey Mexico. DAK Americas is comprised of four business units: Polyethylene Terephthalate Resins (PET), Polyesters Staple Fibers (PSF), Monomers/ ingredients (TPA/PTA), and Specialty Polymers. DAK is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibers in the Americas. DAK is focused on the future with numerous Sustainability initiatives across its businesses.
Alfa S.A.B. de C.V. is a Mexican company comprising four business groups: Alpek (petrochemicals), Nemak (aluminum auto components), Sigma (refrigerated food) and Alestra (telecommunications). ALFA is the world's leading manufacturer of high-tech aluminum engine heads and blocks. It is one of the world's largest producers of PTA, a petrochemical product, and has a leading market share in other petrochemicals in Mexico. In addition, ALFA is Mexico's leading producer of processed meats and cheese and one of the most important telecommunications services companies in Mexico. For 2010, ALFA reported revenues of U.S. $ 10.8 Billion, and EBITDA of U.S. $1,260 million. Currently, ALFA has manufacturing operations in 16 countries and employs more than 56,300 people. ALFA´s shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.