MANCHESTER, Conn., Oct. 3, 2014 (GLOBE NEWSWIRE) -- Lydall Performance Materials, a division of Lydall, Inc. (NYSE:LDL), today announced a general price increase effective with orders shipped on or after January 1, 2015. This adjustment is necessary as a result of industry-wide increases in the costs of fibers, resins, energy, and freight.
This price adjustment covers all product areas of Lydall Performance Materials' global business with increases across most products ranging from 3 to 5 percent. The successful implementation of Lean Six Sigma practices has allowed Lydall to absorb cost increases over the last two years without passing those costs to most of our customers through price increases. 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 while improving the quality and service levels our customers rely on.
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, Inc. is 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.