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Friday, May 03, 2002

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Indo Rama hikes prices

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RIDING the wave of a surge in global petrochemical prices on the back of increased demand, Indo Rama Synthetics (I) Ltd has effective May 1 increased the basic price of polyester staple fibre from Rs 48 per kilogram (kg) to Rs 50.50 per kg.

The company has also increased the basic price of 130/34 partially-oriented yarn (POY) from Rs 59 per kg to Rs 61.00 per kg. The basic price of 100 per cent polyester yarn 30/1 and blended PC carded yarn 30/1 have been increased from Rs 76.50 to Rs 79.00 and from Rs 80.25 to Rs 82 per kg respectively.

A statement issued by IRSL said that the basic price of 150 draw texturised yarn (DTY) has also been increased from Rs 58.20 kg to Rs 60.39 per kg.

All the prices specified by the company do not include the excise component.

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