Mondi to Hike Price for Brown Kraftliner, Kraft-Substitutes in Mediterranean Area

July 12, 2012 - Mondi has announced a price increase of 40 EUR/tonne for brown kraftliner and kraft-substitutes in the Mediterranean area, including Italy and Spain.

Mondi said the price hike is the result of strong seasonal demand and supply restrictions following the bankruptcy of a major containerboard supplier.

In addition, increasing transportation costs make former price levels unsatisfactory, Mondi said.

Given the current extended lead times, Mondi has asked its customers to send order forecasts promptly, and indicated that further containerboard price increases are to be expected in other regions and for other grades.

Mondi is an international paper and packaging group, with production operations across 28 countries and revenues of EUR 5.7 billion in 2011. The Group's key operations are located in central Europe, Russia and South Africa. The company in 2011 employed 23,400 people.

SOURCE: Mondi