Kruger Newsprint Price Increase
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The Antidumping and Countervailing Duties cases filed by Norpac in August against the Canadian UGW industry has reached the official stage of being investigated by the United States ITC and DOC. The increasing legal costs and the incremental costs associated with the inordinate amount of our corporate personnel’s time that is associated with the efforts needed to defend ourselves from the unfounded accusations levied on our industry, which are staggering. We also expect to have to start depositing interim duties beginning in early January 2018.
Therefore, effective December 1, Kruger (Canada) will increase their 48.8 gms newsprint transaction price by $30/metric ton. The transaction price for other newsprint and UGW grades and basis weights will increase accordingly.
It is Kruger’s intention to rescind this increase once the threat of the duties is lifted and once the investigation is completed.
