Glatfelter

Glatfelter

Type	Public
Traded as	NYSE: GLT
Industry	Paper
Founded	1864
Headquarters	York, PA USA
Key people	Dante C. Parrini, CEO Timothy R. Hess
Revenue	US$1.19 Billion (FY 2009)[1]
Operating income	US$163 Million (FY 2009)[1]
Net income	US$123 Million (FY 2009)[1]
Total assets	US$1.19 Billion (FY 2009)[1]
Total equity	US$510 Million (FY 2009)[1]
Number of employees	4,200
Slogan	Beyond Paper
Website	www.glatfelter.com

Glatfelter is a global manufacturer of specialty papers and engineered products, headquartered in York, Pennsylvania. U.S. operations include papermaking facilities in Spring Grove, Pennsylvania; and Chillicothe and Fremont, Ohio; as well as woodyard operations in Washington, West Virginia; Piketon, Ohio; and Delmar, Maryland. International operations include facilities in Germany, France, UK, Canada, the Philippines and representative offices in China and Russia.

The company was started by Philip Henry Glatfelter in 1864 and has grown substantially since then. Glatfelter’s sales exceed $1.4 billion annually,^[2] and its common stock is traded on the New York Stock Exchange under the ticker symbol GLT. Glatfelter and its subsidiaries employ over 4,200 people worldwide.

History

• As early as 1880, Glatfelter led the industry with the installation of the world’s largest paper machine.^[3]
• Glatfelter switched to making paper using wood fiber instead of rags in the 1880s.
• In 1934, Glatfelter began its forestry management initiative, encouraging farmers to plant more trees and prevent soil erosion.
• In 1947, Glatfelter launched a tree farm managed for the growing of sustainable forest crops in Pennsylvania and Maryland.
• Glatfelter’s previous President and CEO, George Henry Glatfelter II, is the great-great grandson of the founder, Philip Henry Glatfelter (1837-1907), who also founded York Ice Company, which became York Heating and Air Conditioning.^[4]
• Glatfelter's work with sustainable tea packaging was highlighted in the September 2009 issue of the Tea & Coffee Trade Journal.^[5]

Products

Airlaid materials Book publishing Carbonless forms Composite fibers Composite laminates Engineered products

Envelope and converting papers Food and beverage papers Metallized films and papers Specialty uncoated papers Technical specialties

References

1. http://www.glatfelter.com/Files/about_us/investor_relations/2009_Annual_Report.pdf
2. http://www.glatfelter.com/Files/about_us/investor_relations/2010_Q1_Earnings_Release.pdf
3. Lipper, Mark (1980). Paper, People, Progress: The Story of the P.H. Glatfelter Company of Spring Grove, Pennsylvania. Englewood Cliffs, NJ: Prentice-Hall. p. 37. ISBN 0-13-648451-4.
4. "Glatfelter, book papers, specialty papers, engineered paper products home". Glatfelter.com. Retrieved 2015-10-31.
5. "Tea Packaging for Impact and Sustainability" by Katrina Ávila Munichiello, Tea & Coffee Trade Journal.

External links

• Benway, Stuart; Standard & Poor's Equity Research. "Glatfelter's Paper Discount". Business Week. Retrieved 28 July 2010. Cite uses deprecated parameter |coauthors= (help)