Sappi to Hike Prices of Coated, Uncoated Fine Papers
Aug. 19, 2010 - Sappi said that it will increase prices of coated fine papers (woodfree coated sheets and reels) by at least 7% and uncoated fine papers (woodfree uncoated sheets and reels) by a minimum of 10%, effective Sept. 1.
“The continuous rise in input costs has kept the profitability for the industry at unacceptably low levels,” Sappi said in a written statement.
“Woodfree coated prices have not yet recovered to sustainable levels and European prices are still too low despite industry operating rates reaching maximum levels following capacity reductions over the past 2 years. We expect operating rates to continue to remain strong for the foreseeable future, but further increasing input costs have kept margins at unsustainably low levels,” the company said.