Following on from the general turmoil in the paper market and the closure of both PaperLinx UK and Tullis Russell, Sappi has announced that it will increase the prices of its European coated fine and coated mechanical reels by 8 percent.
The company has blamed this on continuously rising input costs and consequently declining profit margins. It seems inevitable that other merchants will follow suit since the underlying reasons are a combination of high pulp prices and the weak Euro.
This price rise will take effect from the 1st of July 2015. The company added that the timing and extent of a price rise for coated fine paper sheets will be announced separately.