Sappi to Increase Prices for Woodfree Coated and Uncoated Paper Grades for All European Markets
Jan. 12, 2021 - Sappi Europe today announced a price increase for its Woodfree Coated and Woodfree Uncoated paper grades (sheets and reels) by 8-10% for all European markets.
In a written statement, Sappi said, "Decreasing profitability combined with large, sudden cost increases, both in raw materials and logistics make a price increase unavoidable."
The price hikes will be implemented by March 1, 2021 at the latest, Sappi said.
Customers will be contacted by their local sales office representatives with further market related details, Sappi added.
Sappi Europe is a division of Sappi Limited (JSE), headquartered in Johannesburg, South Africa, with 12,500 employees and 19 production facilities on three continents in nine countries, 37 sales offices globally, and customers in over 150 countries around the world. To learn more, visit: www.sappi.com.
SOURCE: Sappi Europe