Glatfelter Announces 5% Price Increase for Its Food & Beverage Filtration Papers
Feb. 11, 2014 - Glatfelter on Feb. 6 announced price surcharges of five percent for all beverage filtration papers, effective immediately. The announcement comes as a result of high raw material costs.
"The cost for most raw materials, especially for long natural and specialty synthetic fibers used in the manufacturing of our filtration paper, has continued to rise gradually in the last 18 months," explained Martin Rapp, Vice President and General Manager for Glatfelter's Composite Fibers Business Unit. "This has put immense pressure on margins at a time when additional capacity has been added to support long term growing demand.
"We understand that this price increase is difficult for our customers, but the current economics are not sustainable. We have made extensive efforts in the last years to reduce our overall costs and increase efficiency in an attempt to mitigate the impact of these escalating costs on our customers. However, we have been unable to counterbalance the full impact of rising input costs in the last years," Rapp said.
"Realistically, I do not see any relief from input cost inflation in the near-term, but we are talking and working with our customers to find ways of reducing the impact of these changes within the global supply chain," Rapp concluded.
Headquartered in York, Pennsylvania, Glatfelter is a global manufacturer of specialty papers and fiber-based engineered materials. To learn more, please visit: www.glatfelter.com.