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press releaseS
CHARLOTTE, NC June 15, 2006
Due to a significant and unexpected increase in global polyester raw material cost, DAK Americas LLC will increase prices for all polyester staple fiber products.
In addition to the $0.03 per pound increase for all polyester staple fiber products effective June 2006, DAK Americas LLC will increase polyester staple fiber prices by $.04 per pound effective July 1, 2006.
DAK Americas LLC is committed to the polyester staple fiber business and will continue to supply quality products, innovation and service to our customers.
DAK Americas LLC
Jon McNaull, Fibers Business Director
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About DAK Americas LLC and Alfa S.A. de C. V.: DAK Americas, headquartered in Charlotte, N.C., is a wholly owned subsidiary of Alpek S.A. de C., the petrochemicals and synthetic fibers business group of Alfa S.A. de C.V. DAK Americas is comprised of three business units Resins (PET), Fibers (Polyester Staple) and Monomers (TPA- ingredients). Alfa is one of Mexico's largest corporations with over 42,000+ employees and revenues of $5 billion (US) and has alliances with more than 18 leading companies worldwide.
Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. These factors could include, but are not limited to, changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales of agricultural products.
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