Acordis Industrial Fibers To Raise Prices December 1, 1999 for Industrial Polyester and Nylon Fiber Products.SCOTTSBORO, Ala.--(AutomotiveWire)--Oct. 25, 1999-- Acordis, a wholly-owned subsidiary of Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. nv., is raising the prices of its industrial polyester and nylon type 6,6 fibers in North America to offset the increased cost of raw materials and associated production costs. Acordis Industrial Fibers has announced that, effective December 1, 1999 polyester and nylon fibers will rise by $0.10/lb. According to C. Winston Carroll, Director Marketing & Sales, Acordis North America, "this increase is essential, following a period of substantial price decline. Also, the increase is important to continue serving our customers with the products and services they demand, for mechanical rubber goods and tire reinforcement applications." This is reported to be the first Acordis price increase in more than two years for fibers for the rubber/tire industry, where prices have generally remained flat or depressed. Acordis Industrial Fibers is one of the world's leading producers of industrial yarns, manufacturing high-tenacity viscose vis·cose n. 1. A thick, golden-brown viscous solution of cellulose xanthate, used in the manufacture of rayon and cellophane. 2. Viscose rayon. adj. 1. Viscous. 2. , polyester and polyamide polyamide material used in the creation of nonabsorbable, synthetic, nylon sutures. for the automotive industry, for technical fabrics and numerous technical applications, as well as for tire reinforcement, including converting. Acordis Industrial Fibers is the largest business unit of Acordis, employing some 4,500 people worldwide. Headquartered in Arnhem (the Netherlands), it is a global producer, with fully owned production facilities in the Netherlands, Germany, United States and Brazil. The Acordis group has sales of more than NLG NLG The ISO 4217 currency code for the Dutch Guilder. 5 billion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.5 billion), employs 18,000 people worldwide and has production facilities in Germany, Netherlands, United Kingdom, United States, Brazil, Italy, Spain and Poland. Note: Akzo Nobel symbol is AKZOY on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on |
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