MORRIS TOWNSHIP, N.J. (Sept. 1)—Honeywell Performance Fibers will start imposing a surcharge of 10 cents per pound Sept. 15 on its polyester tire yarn and fabric to cover the increasing cost of raw materials, transportation and energy.
Honeywell last raised prices on its high-tenacity industrial fibers May 3, also by 10 cents per pound.
The surcharge is effective globally, the firm said. The effective date may vary according to customer contracts.
Honeywell Performance Fibers is part of Honeywell Specialty Materials, which in turn is part of Honeywell International Inc.
Based in Colonial Heights, Va., Honeywell Performance Fibers is considered one of the world's leading suppliers of high-tenacity polyester and a global manufacturer of other man-made industrial fibers. It formerly was known as AlliedSignal Performance Fibers.