April 13, 2021 - The Navigator Company announced that it will increase paper prices in Europe from 6% – 9%, effective with deliveries from May 10.
The company said that it will provide further details to customers about how the prices will be applied throughout its range of papers.
In a press release, The Navigator Company said, "This decision was taken following not only further worldwide cost increases in pulp, chemicals and logistics, with structural effects in the profitability of the industry in Europe and across the globe, but also a robust demand for Navigator's products and brands during late 2020 and the first months of 2021.
"The Company will continue to tightly monitor the market evolution of key business drivers and act, if required, to correct potential future imbalances between its products prices, raw materials and logistics costs."
The Navigator Company sells its products to 130 countries over five continents, under its paper brands with a strong reputation for superior and consistent quality — Navigator, Discovery, Explorer, Inacopia, Inaset, Pioneer, Soporset and Target.
Based in Portugal, The Navigator Company is a leading European manufacturer of uncoated printing and writing paper and bleached eucalyptus pulp with a total annual production capacity of about 1.6 million tons of paper and 1.5 million tons of pulp. To learn more, visit: thenavigatorcompany.com.
SOURCE: The Navigator Company
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