Glatfelter has announced that effective 15th March 2021 it will increase prices for all Composite Fibers products by up to 8%, or as customer contracts permit.
The decision is a direct result of substantial and ongoing global price increases for key raw materials including pulp, synthetic fibres, and other chemicals. Furthermore, the company does not see any near-term relief from this input cost inflation, which is compounded by continued escalation in energy costs and COVID-related transportation and logistics capacity shortages.
“Glatfelter continues its extensive efforts to reduce overall costs and increase manufacturing efficiencies,” said Chris Astley, SVP and chief commercial officer. “However, these initiatives alone are not enough to offset the impact of the input cost inflation being experienced, which is why we are implementing price adjustments. We remain committed to continuing to supply best-in-class products, innovation, and service that our customers have come to expect.”
