Sappi to Bump European Prices on Woodfree Grades by 6%-8%
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Due to continuing input cost increases and unsustainable profit levels, Sappi ENA, Brussels, Belgium, says that it is forced to continue passing on this cost inflation by increasing its Woodfree grades prices by 6%-8%, effective on deliveries beginning Jan. 1, 2018, for all European markets. This follows previous announcements made for the company’s LWC and MWC grades.
Despite strong order books, margins continue to be depressed by this severe input cost inflation, Sappi notes. Sappi’s sales representatives will be in touch with their customers to agree on the specifics during the following weeks.
