Glatfelter’s Composite Fibers Business Unit announces 7% price increase
GERNSBACH, GERMANY, October 23, 2018-
Glatfelter (NYSE: GLT) announced today its Composite Fibers Business Unit will increase prices by 7% for all its products, effective November 19, 2018.
The decision is 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.
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