Sappi Europe to Increase Prices for its European Coated and Uncoated Fine Papers
Feb. 7, 2017 – Sappi Europe announced that it will increase prices for all European coated and uncoated fine paper business by 8% for both sheets and reels, effective March 15.
For fine paper grades exported outside of Europe, Sappi said it will selectively apply a price increase based on specific local circumstances.
In a press release Sappi explained, “The sudden and continuing sharp rise in input costs and the consequently squeezed profit margins make corrective pricing measures inevitable as Sappi Europe's Graphics business becomes unsustainable at current price levels.”
Sappi noted that “customers will be personally informed by our local sales management who will provide them with all information they may ýrequire.”
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.
SOURCE: Sappi Europe