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Polyester Spunbond Price Increase
(Bad Homburg, March 11, 2003) – Today Johns Manville Europe announced a 7-10% price increase for their polyester spunbond materials effective April 1, 2003. Dr. Enno Henze, European Business Manager Roofing Materials, commented: ”Johns Manville is confronted with rapidly increasing costs for PET raw materials, energy and transportation. We have already absorbed a significant portion of our increasing operating costs by intensive productivity and cost saving programs. Now the remaining cost increases need to be passed on the Marketplace.”
Johns Manville, a Berkshire Hathaway company, is a leading manufacturer and marketer of premium-quality building and industrial products. In business since 1858, the Denver, USA-based company has sales in excess of $2 billion and holds leadership positions in all of the key markets that it serves. Johns Manville employs approximately 9,000 people and operates 46 manufacturing facilities in North America, Europe and China. Johns Manville Europe is the European operations for the Engineered Products Group (EPG), one of Johns Manville‘s four strategic business units, and has ten manufacturing locations in Germany, Sweden, the U.K., Poland and Slovakia. Additional information can be found at www.jm.com and www.jmeurope.com.
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