Salem, N.J.—Mannington has announced it will implement a 5% price increase on all “better” and “best” collection residential resilient sheet products, effective on shipments starting Nov. 29.
“We continue to experience rising raw material costs, especially as they relate to plasticizers and resins,” said Kim Holm, president, Residential Business. “Due to reduced capacities, there has been a shortage of plasticizers, which has driven prices up dramatically. We are hopeful that these costs have peaked, but it will be some time before additional capacity comes on stream,”.
The increase will affect products in both the U.S. and Canada.