Alpharetta, Ga. - February 12, 2018: Citing continued escalation in raw material and energy costs, SWM’s Advanced Materials & Structures segment today announced price increases for its polypropylene-based netting and nonwovens products.
New prices will increase 5% and will be effective with shipments starting March 1, 2018 or as contracts allow. SWM remains committed to providing its customers with the best combination of service, quality, value and support despite polymer market fluctuations.
About SWM
SWM is a leading global provider of highly engineered papers, films, nets and nonwovens for a variety of applications and industries. As experts in manufacturing materials made from fibers, resins, and polymers, we provide our customers critical components that enhance the performance of their end products. The Advanced Materials & Structures segment focuses on resin-based rolled goods for the filtration, transportation, infrastructure and construction, medical, and industrial end-markets. This segment was established in 2013 as part of a strategic transformation intended to diversify SWM's historical concentration in the tobacco industry and reposition the Company for long-term growth. The Company currently generates approximately half of its total sales outside the tobacco industry. The Engineered Papers segment remains primarily focused on supplying major cigarette manufacturers with a variety of specialty papers. SWM and its subsidiaries conduct business in over 90 countries and employ approximately 3,400 people worldwide. For further information, please visit SWM's Web site at www.swmintl.com.
CONTACT:
Janice Kovala
612-623-2596
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