Lydall Filtration Inc Announces a Price Increase
July 26, 2011 - United States Of America
Lydall, Inc. (NYSE:LDL) — Lydall Filtration/Separation, Inc. today announced a general price increase effective with orders shipped on or after September 12, 2011. This increase is necessary as a result of industry-wide continuing increases in raw material costs such as glass fiber, resins, energy and freight.
The price increase covers all products and areas of Lydall Filtration/Separation's global business, varying by product line. Microglass products will see increases ranging from 6% to 8%. Synthetic products will see increases of up to 12%, depending upon the structure of pricing agreements currently in place.
Customers will be contacted by their Account Manager following this announcement to discuss the specifics of this increase and implementation with current pricing agreements.
Lydall remains committed to the principles of Lean Six Sigma and will continue to focus on cost and efficiency improvements to keep price increases to a minimum allowing our customers to remain competitive in their respective markets.
Lydall, Inc. is a New York Stock Exchange listed company, headquartered in Manchester, Connecticut. The Company, with operations in the U.S., France, the Netherlands and Germany and offices in the U.S., Europe, and Asia, manufactures specialty engineered products for the thermal/acoustical and filtration/separation markets.Lydall® is a registered trademark of Lydall, Inc. in the U.S. and other countries. All product names are trademarks of Lydall, Inc. or Charter Medical, Ltd.
The price increase covers all products and areas of Lydall Filtration/Separation's global business, varying by product line. Microglass products will see increases ranging from 6% to 8%. Synthetic products will see increases of up to 12%, depending upon the structure of pricing agreements currently in place.
Customers will be contacted by their Account Manager following this announcement to discuss the specifics of this increase and implementation with current pricing agreements.
Lydall remains committed to the principles of Lean Six Sigma and will continue to focus on cost and efficiency improvements to keep price increases to a minimum allowing our customers to remain competitive in their respective markets.
Lydall, Inc. is a New York Stock Exchange listed company, headquartered in Manchester, Connecticut. The Company, with operations in the U.S., France, the Netherlands and Germany and offices in the U.S., Europe, and Asia, manufactures specialty engineered products for the thermal/acoustical and filtration/separation markets.Lydall® is a registered trademark of Lydall, Inc. in the U.S. and other countries. All product names are trademarks of Lydall, Inc. or Charter Medical, Ltd.