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.
“Glatfelter has made extensive efforts to reduce costs and increase efficiency,” says Martin Rapp, senior vice president and business unit president, Composite Fibers. “However, these initiatives alone are not enough to offset the impact of the external pressures. Therefore, we are implementing price adjustments to ensure our continued ability to supply best-in-class products, innovation and service.”