DuPont: Filaments responds to extraordinary raw material cost increase crisis

DuPont Filaments - Americas, LLC, DuPont Filaments – Europe, BV and DuPont Xingda Filaments Company Limited (www.dupont.com), recently announced that they will implement additional structural price increases for their nylon 612 and nylon 610 toothbrush filaments effective July 1st, 2008.

The price adjustment will be $0.50/kg for the DuPont™ Tynex® toothbrush filament range and $0.70/kg for the DuPont™ Herox® toothbrush filament range.

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"DuPont Filaments has launched a number of aggressive cost-cutting and consolidated global operating strategies to help absorb raw material increases, but those efforts are not enough to cover the real increases we see day after day,” said Son Do Phan, Global Segment Leader Oral Care and EMEA Marketing Director – DuPont Filaments. “The unpredictability of energy and raw material costs continues to plague even the most responsible businesses and it is imperative for DuPont Filaments, which is firmly committed to operating a long-term sustainable business strategy, to offset some of these staggering cost increases by adjusting prices."

This adjustment is in addition to any previous increase done in 2008 and reflects extraordinary escalation in costs for raw materials derived from oil and castor bean over the past several weeks, as well as continued acceleration of energy, transportation and logistics costs.

It is also made unavoidable by the extraordinary development of raw material and freight costs in the past 6-12 months that can no longer be compensated by all the productivity and cost cutting measures that DuPont Filaments has been aggressively implementing.

DuPont Filaments remains very committed to providing value to its customers and these price increases enable us to remain a sustainable toothbrush filament supplier in the future.

DuPont de Nemours (Deutschland) GmbH, Bad Homburg v.d.H., Germany