Johns Manville, a leading producer of construction and specialty products, today announced a 5 percent price increase for polyester nonwovens for bituminous roofing applications in Germany, Austria and Switzerland, effective April 1, 2014.
The company explained that the price increase is necessary because of an unsatisfactory margin level in these regions.
About Johns Manville
Johns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality building and specialty products. In business since 1858, the Denver-based company has annual sales of approximately $2.5 billion and holds leadership positions in all of the key markets that it serves. Johns Manville employs approximately 7,000 people and operates 45 manufacturing facilities in North America, Europe and China. Additional information can be found at www.jm.com.