Sappi to Increase Prices on Woodfree Grades in Europe by 6-8%, Jan. 1
(Brussels, Nov. 17, 2017) Sappi today announced that it will increase prices for woodfree grades by 6-8% effective on deliveries from January 1, 2018 for all European markets. This follows previous announcements made for its LWC and MWC grades, Sappi added.
In a press release, Sappi said, “Due to continuing input cost increases and unsustainable profit levels, Sappi is forced to continue passing on this cost inflation.
“Despite strong order books, margins continue to be depressed by this severe input cost inflation,” the company explained. “Sappi’s sales representatives will be in touch with their customers to agree on the specifics over the following weeks.”
Headquartered in Brussels, Belgium, Sappi Europe SA is the leading European producer of coated fine paper used in premium magazines, catalogues, books and high-end print advertising. To learn more about the company, please visit: www.sappi.com (Source: Sappi)