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Glatfelter's Composite Fibers makes good progress in Q1

03 May '12

5 min read

For Specialty Papers, the Company expects slightly lower shipping volumes and an unfavorable mix in the second quarter of 2012 compared with the first quarter of 2012. The impact of announced selling price increases is expected to slightly outpace overall input cost increases compared to the first quarter.

The Company also plans to complete the annually scheduled maintenance outagges at both the Chillicothe and Spring Grove facilities in the second quarter of 2012. The outages are expected to adversely impact second quarter operating profit by approximately $21 million, pre-tax. In addition, non-shutdown related maintenance spending is expected to increase by approximately $2 million, pre-tax, compared to the first quarter.

The Company anticipates Composite Fibers' shipping volumes to be 5 percent higher in the second quarter compared to the first quarter while selling prices are expected to be generally in line with the first quarter of 2012. However, the mix of products sold is expected to be slightly unfavorable. Input costs are expected to increase moderately.

Shipping volumes for the Advanced Airlaid Materials business unit in the second quarter of 2012 are expected to be in-line with the first quarter of 2012. Input cost increases are expected to outpace selling price changes due to the pass-through provisions in certain customer contracts but the Company expects this to be more than offset by the impact of its continuous improvement initiatives.

Glatfelter

Construction Textiles

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Glatfelter's Composite Fibers makes good progress in Q1

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