Lydall Performance Materials Announces a Price Increase

MANCHESTER, Conn., May 09, 2018 (GLOBE NEWSWIRE) — Lydall Performance Materials, Inc. today announced a general price increase effective with orders placed on or after June 30, 2018.  This adjustment is in response to industry-wide increases in the costs of fibers, resins and freight.

The price increase covers all products supplied by Lydall Performance Materials’ global business and varies by specific product type.

The continued improvements and implementation of the Lydall Lean Six Sigma (LLSS) principles has allowed Lydall to absorb cost increases over the last four years without passing those costs to most of our customers.  Lydall remains committed to the principles of LLSS and will continue to focus on cost and efficiency improvements to keep price increases to a minimum while improving the quality and service levels our customers rely on.

Lydall Performance Materials, Inc. is a wholly-owned subsidiary/affiliate of Lydall, Inc. (NYSE:LDL), a New York Stock Exchange listed company, headquartered in Manchester, Connecticut with global manufacturing operations producing specialty engineered products for the thermal/acoustical and filtration/separation markets. For more information, visit http://www.lydall.com. Lydall® is a registered trademark of Lydall, Inc. in the U.S. and other countries.

CONTACT: For further information:
Brendan Moynihan
Vice President, Financial Planning
and Investor Relations
Telephone 860-646-1233
Facsimile 860-646-4917
info@lydall.com  
www.lydall.com


Source: Nasdaq Automotive News

Author: News Editor

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