Sappi Europe to Increase Prices for Mechanical Coated Paper Grades
Feb. 23, 2018 (Press Release) - Despite the extremely strong order books the mechanical coated paper profit margins continue to be depressed due to continuing cost creep. Sappi addresses the cost inflation by increasing its LWC and MWC paper grades prices by 4% effective on deliveries from April 1st 2018 for all markets as validities allow.
In order to reach sustainable profitability levels subsequent inflationary increases are expected during the year.
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.