Sappi to Hike Prices for Specialty Products in Europe, Overseas

Oct. 5, 2010 - Sappi Fine Paper Europe said that it will increase prices for its Speciality products by 8% for deliveries as of November 1.

The price hike includes all of Sappi's European and overseas markets and follows an increase earlier in the year and continued strong demand for these products.

"Our first price rise has barely compensated for the extraordinary cost increases" said Gregory Gettinger, Director Specialities at Sappi Fine Paper Europe. "The upwards trend of cost increases in oil related additives, starches and wood is having a serious effect on our margins and makes our latest price increase unavoidable."

SOURCE: Sappi Fine Paper Europe