Petroleum based raw materials such as bico fiber, PE powders, and super absorbent powders have also seen their prices increase by close to 40% in the same period, in line with crude oil price increases, and show no signs of abating.
"We have witnessed historically high and rapid price increases of our our input costs in 2010 and whereas we were anticipating a decrease in Q4, this has not occurred and are now obliged to pass-on these increases to our
customers," said Dante Parrini, COO of Glatfelter. "This is not an AMBU specific issue, as the raw material prices have been in inflationary mode for the past four quarters and has affected the entire industry. These price increases are necessary in order to support our investment initiatives that will continue to ensure that Glatfelter remains the global supplier of choice."