Price Adjustment in July 2012

Monday, May 21, 2012
Jushi USA announces a price increase for all fiberglass reinforcements

Alan Gardiner, Chief Operating Officer of Jushi USA announces a price increase for all fiberglass reinforcements.
 
Irwindale CA, May 21, 2012: Jushi USA announced today a price increase of 7% for all fiberglass reinforcements, including direct and multi-end roving products, chopped strands for BMC and thermoplastics, chopped strand mat, woven roving, and all other roll goods. The increase applies to all shipments delivered on or after July 1, 2012.
 
According to Mr. Gardiner, “We continue to experience cost pressures in several areas.  Increasing energy costs have affected manufacturing and contributed to price increases in overland and ocean freight. In addition, labor costs continue to rise.”
 
“We constantly strive to improve our manufacturing and logistics efficiencies. However, we are not always able to offset all of our increased costs. A price increase is necessary to maintain our viability in the reinforcements market,” said Mr. Gardiner.
 
Jushi USA, headquartered in Irwindale, California, is a leading supplier of fiberglass reinforcements and fabrics to the reinforced plastics industry. With distribution Centers in Miami, Florida, Elkhart, Indiana, and Irwindale, California, Jushi USA currently supplies reinforcements to all regions of the U.S. and Canada. Founded in 1995, the company supplies reinforcements to a wide variety of industries including Marine, Construction, Corrosion, Infrastructure, Transportation, and Renewable Energy.