Feb. 1, 2010 - M-real said that it will increase prices in Europe for uncoated fine papers by 8%, effective March 1.

In a written statement, M-real said, "The recent high market demand combined with continued rising costs in raw materials means that we must raise prices. The improving economic outlook has begun to facilitate the potential to take steps to repair financial performance which is still at unsustainable levels following the recent financial crisis."

The price hike includes all woodfree uncoated and recycled papers in reels, cut sizes and folio sheets across all European business.

SOURCE: M-real