Global economic challenges lead Glatfelter, Lenzing to suspend dividend reports
SAN FRANCISCO, September 23, 2022-
Diverse consumer, industrial, personal care and nonwovens producers, US-based Glatfelter and Austria-based Lenzing, this week separately announced suspensions of their quarterly corporate dividends reports amid signs of poor operational and financial results this year.
A leading global supplier of engineered materials, Glatfelter Non-Executive Chair Kevin M Fogarty on Sept. 21 said its action was a “prudent step that will redirect capital back to the business at a critical juncture for the company.”
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