Glatfelter’s Composite Fibers Business Unit Announces 7% Price Increase
Print this Article | Send to Colleague
Glatfelter (York, Penn., USA) announced on Tuesday (Oct. 23, 2018) its Composite Fibers Business Unit will increase prices by 7% for all its products, effective November 19, 2018.
The decision is reported to be a direct result of substantial and ongoing global price increases for key raw materials including pulp, synthetic fibers, viscose and other chemicals. Furthermore, the company does not see any near-term relief from this input cost inflation. Escalating energy and transportation costs further compound the inflationary situation.
"Glatfelter has made extensive efforts to reduce costs and increase efficiency," said Martin Rapp, SVP and Business Unit President, Composite Fibers. "However, these initiatives alone are not enough to offset the impact of the external pressures. Therefore, we are implementing price adjustments to ensure our continued ability to supply best-in-class products, innovation and service."
