Sappi Europe announces a price increase for all its Packaging and Speciality paper grades by 7 – 11 % valid for deliveries from 1 April 2021.
Sharply rising input costs, particularly relevant to pulp and energy in combination with very high freight rates due to global logistic constraints make price increases unavoidable.
https://www.sappi.com/sappi-europe-announces-price-increase-for-packaging-and-speciality-papers
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*Operating profit for January–March was SEK 653 million (January–March 2017: SEK 627 million). Operating profit includes a forest property sale of SEK 70 million. Prices for paper and wood products increased, wheras costs for wood and other input goods rose.
*Compared with the fourth quarter of 2017, profit was SEK 232 million higher, mainly as a result of income from the forest property sale and due to that fourth-quarter earnings were affected by a maintenance shutdown.
*Profit after tax for January–March amounted to SEK 507 million (485), which corresponds to earnings per share of SEK 6.0 (5.8). Click Read More below for additional information.
Effective with shipments on or after October 11, 2017, pricing will increase approximately 6% on the following grades: Finch Commercial Printing Papers: Finch 94 Rolls; Finch Offset Rolls & Finch Converting Papers: Finch Reply Postcard, 7 pt. and 9 pt. Rolls; Finch ThruPut Wove Rolls; Finch Forms Bond; Finch MOCR Laser; Finch Engineering Bond; Finch CAD Inkjet Bond & Finch Office Papers: Finch Premium Multipurpose; Finch Multipurpose; Finch Copy; All private-label brands; General White Box. All standard upcharges apply and all customer-specific inventory programs will increase with shipments on or after October 11, 2017.
INTERFOR CORPORATION recorded net earnings in Q2’17 of $24.5 million, or $0.35 per share, compared to $19.7 million, or $0.28 per share in Q1’17 and $23.2 million, or $0.33 per share in Q2’16. Adjusted net earnings1 (which takes into account the effects of share-based compensation expense and non-recurring items) in Q2’17 were $28.7 million or $0.41 per share, compared to $22.7 million, or $0.32 per share in Q1’17 and $17.5 million, or $0.25 per share in Q2’16. Adjusted EBITDA1 for the second quarter, 2017 was $77.4 million (or $84.7 million excluding the impact from $7.3 million of softwood lumber duties expense), on sales of $511.4 million versus $60.3 million on sales of $456.8 million in Q1’17. Click Read More below for additional detail.