To Our Business Partners
Global polymer costs continue to trend toward higher levels affecting our raw material purchasing costs. As Tensar has incurred these cost increases we have taken many aggressive measures to improve productivity and manage our supply chain costs to offset as much of these additional costs as possible. However, we have not been able to fully offset these costs and we can no longer absorb the full impact.
Therefore it has become necessary to announce a price increase on all of our polypropylene products (Biaxial, TriAx, AR1 and laminated products) in Europe, Middle East, Africa and Russia where prices for these products will increase by 6%. Prices for our polyethylene, polyester and glass products will remain unchanged.
We will continue to pursue all options to manage our costs and minimize the need for future price increases. Your understanding and support is appreciated. Please contact us at your convenience if you have any questions or concerns.
Vice President and General Manager