Lydall Performance Materials Announces Price Increase for Filtration and Specialty Insulation Products
March 25 2021 - 8:00AM
Lydall, Inc. (NYSE: LDL) announced today that its Performance
Materials business segment is increasing prices for its Filtration
and Specialty Insulation products supplied globally. The price
adjustment is driven by significant and ongoing increases in key
raw material and freight costs.
“Lydall remains committed to reducing overall costs and making
our operations more efficient through our One Lydall strategy and
focused transformation initiatives,” said Lydall Performance
Materials President Ashish Diwanji. “However, these extensive
efforts are not enough to offset the sustained inflationary
pressures that are widespread in today’s market. We must modify our
pricing to ensure that we can continue to deliver the innovative
products and high-quality, advanced materials our customers depend
on to bring the world’s most essential products to market.”
Account representatives are communicating specific details
directly to impacted customers, with timing of the increases
subject to the terms of applicable agreements.
About Lydall, Inc.Headquartered in Manchester,
Connecticut, with global manufacturing operations, Lydall delivers
value-added engineered materials and specialty filtration solutions
that create a cleaner, safer and quieter world. Leveraging our
150-year history of technical expertise and innovation, deeply
ingrained supplier relationships and operational agility, Lydall
partners with our customers to develop bespoke, high-performing and
efficient solutions that solve the world’s most pressing
challenges. Our precisely engineered, highly technical products
protect people and places, providing air pollution control, liquid
filtration, heat protection and noise reduction.
Lydall is a New York Stock Exchange-listed company. For more
information, visit http://www.lydall.com. Lydall® is a
registered trademark of Lydall, Inc. in the U.S. and other
countries.
Media:
Danielle Orsino
Telephone 949-365-6609
danielle@dynamisadvisors.com
Investors:
Brendan Moynihan
Telephone 860-646-1233
Facsimile 860-646-4917
info@lydall.com
www.lydall.com
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