Glatfelter Announces Price Increase on Raw Materials

Glatfelter GLT has announced that its Advanced Airlaid Materials Business Unit will begin implementing price increases on a global basis in response to a continued rise in input costs. Costs for AMBU's petroleum based raw materials as well as fluff pulp have continued to increase through the first and second quarters of 2011 as demand in the broader market for these materials has continued to increase. Adding to the rise in input cost is the escalation of energy prices. As a result, AMBU will enact an immediate price increase that will affect all customers in varying degrees depending on product composition. Increases will reflect current raw material prices, and are subject to future adjustments depending on inflationary trends.