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US firm Glatfelter announces 12% price rise for composite products

20
Sep '21
Pic: Glatfelter
Pic: Glatfelter
Glatfelter Corporation, a leading global supplier of engineered materials, has announced that effective immediately, it will increase prices for all composite fibre products by 12 per cent, or as customer contracts permit. The decision is driven by continued price increases of raw materials including pulp, synthetic fibres, chemicals and packaging materials.

In addition, extensive logistics surcharges and escalation of energy costs continue, the company said in a media release.

Chris Astley, SVP and chief commercial officer of Glatfelter Corporation, said: “Extensive efforts to reduce overall costs and increase manufacturing efficiencies continue to be a key focus at Glatfelter as inflationary pressures are experienced throughout the global supply chain.

“Given the continued escalation in input costs, this price increase is in addition to the pricing actions taken earlier in the year within our composite fibres segment. As an industry leader, Glatfelter is well positioned to provide supply continuity and remains committed to delivering best-in-class products, innovation, and service our customers have come to expect.”

Fibre2Fashion News Desk (KD)

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