Sappi Europe to Increase Coated Mechanical Paper Prices
May 9, 2017 - Sappi Europe on May 9 announced a price increase of 5% for all of its coated mechanical reels business as of July 1, 2017.
In a press release, Sappi said, “The continuing cost inflation and the consequently declining profit margins makes the price correction inevitable.”
Sappi's sales representatives will be in touch with their customers to agree on the specifics over the next week.
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