Walki Raises Technical Product Prices Worldwide
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Walki Group, Finland, a producer of protective packaging materials and technical laminates, this week announced price increases on all of its Technical Products grades, due to the rise of raw material and energy costs. Simultaneously, the company notes, customers' payment terms will be harmonized to reflect standards set for each specific geographical market. These changes will affect the products in the company's Flexible Packaging, Heavy Duty, Insulation & Construction, and Technical Papers businesses. The price increase and the payment term harmonization will be effective as of February 1. The level of increase will depend on the markets, the constituents of the products, and the structure of the agreements in place. The increase range will vary up to 10%. Specific details will be discussed with each customer individually by the appropriate business teams in the coming days, the company notes.
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