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Jushi USA price increase

News International-French

4 Jun 2014

Jushi implement a 6% Market Price increase starting with shipments delivered on or after July 1, 2014.

During the past few years, the Composites Industry has faced a number of factors which have resulted in rising costs to produce fiberglass. Jushi Group continues to make substantial investments in our Industry by adding capacity, rebuilding furnaces and improving production efficiency. These changes are designed to offset some of these cost elements.

Recently there have been increases in chemical raw materials, energy cost, transportation and labor. Price increases are necessary to meet the rising costs and allow further needed investment in additional manufacturing capacity. To meet these demands Jushi finds it necessary to implement a 6% Market Price increase starting with shipments delivered on or after July 1, 2014.

While this increase may not fully offset all of the energy, labor, raw material and freight increases which have occurred, it will be necessary in order for Jushi to continue to provide its customers with an adequate supply of materials and allow them to continue to develop new products and processes which will benefit the composites market as a whole.

More information:www.jushiusa.com