Due to insufficient results and the significant cost increases for pulp and other raw materials, chemicals and logistics Papierfabrik August Koehler SE is increasing its prices for all products by 7 – 12 % for deliveries from January 1st 2018 onwards.
https://www.koehlerpaper.com/en/service/news/meldungen/Price-increase-16-10-2017.php
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Wednesday, 1/10/18, the Government of Canada launched a complaint against the United States challenging Washington’s use of anti-dumping and anti-subsidy duties. Canada said U.S. procedures broke the World Trade Organization’s (WTO) Anti-Dumping Agreement, the Agreement on Subsidies and Countervailing Measures, the General Agreement on Tariffs and Trade, and the Understanding on Rules and Procedures Governing the Settlement of Disputes. “These rates tabled last night by the U.S. on uncoated groundwood paper represent the third action that stands to hurt hard working men and women in our mill communities across Canada,” says Derek Nighbor, CEO, Forest Products Association of Canada. “These duties are unwarranted and without merit and we 100% support the federal government’s “WTO filing” position. Canada and the U.S. share a longstanding and important relationship, but in the face of these unfounded trade actions it’s important that our government defends Canada’s interests”.
Please be advised, effective with shipments July 1, 2018 the US transaction price for 45 gsm Marathon Newsprint from Catalyst Paper will be increasing by $22.00/Metric Tonne for new and existing orders. 43 gsm and 40 gsm Marathon Lite newsprint will be increasing according to past practice. Please be advised, effective with shipments July 1, 2018, the US transaction price for 20.9# (34gsm) directory business with Catalyst Paper will be increasing by $30.00 / short ton for new and existing orders. Other basis weights will be increased according to past practice.
Rayonier Advanced Materials Inc. announced that, in working with its lenders under its Senior Secured Credit Agreement, it has entered into an amendment under which, among other changes, the lenders have agreed to relax the financial covenants through 2022. In addition, the Amendment provides additional liquidity to the Company by reducing the minimum availability the Company is required to maintain under its revolving credit facility. The Amendment added a 1 percent LIBOR floor and lenders were paid a customary fee as consideration for their consent to the Amendment. “In light of the COVID-19 pandemic, it was prudent to obtain additional financial flexibility to ensure continued compliance with our covenants,” said Paul G. Boynton, President and Chief Executive Officer. “We believe we now have the runway to manage the business through these challenging conditions, enabling us to continue to service our customers and emerge a stronger and more profitable organization.”