Kelheim Fibres GmbH has been successful in limiting the impact of the pandemic on fibre production. However, as a company operating its own cogeneration energy plant and with a high level of export business outside Europe, these cost factors have had a severe negative impact on margins during the second and third quarters of 2021. With energy costs set to remain at unprecedentedly high levels and potentially increase further in the fourth quarter, no relief to the high level of freight costs foreseeable, and raw material costs also remaining at a high level, the company needs to take steps to prevent further margin erosion.
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GLATFELTER ANNOUNCES 12% PRICE INCREASE FOR COMPOSITE FIBERS PRODUCTS
Glatfelter Corporation, announced that effective immediately, it will increase prices for all Composite Fibers products by 12%, or as customer contracts permit. The decision is driven by continued price increases of raw materials including pulp, synthetic fibers, chemicals, and packaging materials. In addition, extensive logistics surcharges and escalation of energy costs continue.
Continue readingJohns Manville Engineered Products Successfully Launches Thermal Recycling Unit for Glass Fiber Waste in Trnava, Slovakia
Johns Manville (JM), a Berkshire Hathaway company and a market-leading manufacturer of continuous filament glass fibers, announced the successful launch of a thermal recycling unit for waste glass fibers in its Engineered Products plant in Trnava, Slovakia.
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