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China : Shenhua Group to hike prices

China : Shenhua Group to hike prices

Write: Alkira [2011-05-20]
China Shenhua Group to raise sales prices of nylon 66 industrial filament and cord fabrics
China Shenhua Group has decided to raise the sales price of nylon 66 industrial filament and Cord fabrics considerably.
Wang Lian Shan, Vice President of Shenhua Group explained that despite their efforts to lower production cost have not been very successful.
He said that since rates of raw materials, transportation, energy and procedures to protect environment were rising constantly, the group was forced to raise product prices. Besides, RMB also continued its appreciation.
The price hike was aimed at helping Shenhua Group provide quality products and excellent service to its customers.