Propex Announces Price Increase in its Furnishing Solutions Business Unit

CHATTANOOGA, Tenn., Feb. 10 /PRNewswire/ -- The Furnishing Solutions Business Unit of Propex Operating Company, LLC has announced a 9% price increase for all products sold into the North American carpet, automotive, turf, furniture and bedding industries, effective February 24, 2010. This upward adjustment is in addition to the 6% increase announced on February 1, 2010.

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These increases are primarily driven by the continued, upward trend in key raw materials, notably polypropylene resin. Over the past twelve months, the cost of polypropylene resin has increased 95%.

"As a company, we remain committed to maintaining reasonable margins that allow us to continue investing in product technology, service and manufacturing resources to help meet the needs of our customers," said Dave Gartshore, Vice President Sales – Furnishing Solutions.

This press release and future press releases will be posted online in the "Press Room" section of www.propexbrands.com.

About Propex Operating Company, LLC:

Propex Operating Company, LLC is a global leader in the development, design, and manufacturing of brands and products that create advantages for customers. Propex's footprint covers three continents, with 11 facilities totaling over five million square feet of manufacturing and more than 2,000 teammates focused on the markets the company serves. Often the inventor and always the innovator, Propex has both the heritage and vision which makes it the leader in the marketplace today that will continue to grow in the future in all facets of the company's business.

SOURCE Propex Operating Company, LLC