Huafon Microfiber Raises Product Prices Twice This Year on Higher Raw Material Costs

Huafon Microfiber said it has initiated two product price increases this year, mainly due to rising raw material costs. According to Jin10, the company disclosed the update in an investor relations activity record announcement, saying the price hikes have not materially changed its overall operating strategy. The company said implementation of the increases has so far broadly met expectations. Huafon Microfiber added that it will continue to optimize its product mix and increase the sales share of higher value-added products.