Read Nexis Price increase announcement July 2008 text version

Emmenbrüke, July 15th 2008

Nexis Fibers announces price adjustments for Polyamide 6 and 6.6 fibers

Dear Customer,

Sustained and significant increases of Crude Oil have dramatically impacted the cost of our raw materials, energy and transportation since the beginning of the year, with a strong acceleration during the last weeks. All the productivity and cost reduction programs relentlessly implemented within Nexis Fibers, cannot compensate this huge effect. For these reasons, we are forced to increase the prices of our Polyamide 6 and 6.6 fibers products up to 500/Metric Ton, effective immediately. Your Nexis Account Manager will contact you shortly in order to address the implementation of this price increase. We are hoping for your kind understanding and are looking forward to continuing servicing your business. Yours sincerely,

Raymond SINNAH

CEO of Nexis Fibers

Nexis Fibers is a major global player in monofilaments, staple fibers and industrial yarns. The company designs, develops and delivers a wide range of products and services to its customers worldwide in key market segments: airbags and weaving, tires and MRG, industrial yarns for ropes and nets, monofilaments for industrial specialties, staple fibers for technical applications and paper machine clothing.

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Nexis Price increase announcement July 2008

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Nexis Price increase announcement July 2008