Sappi Europe announces a price increase for all its woodfree coated and woodfree uncoated paper grades by 7 – 10 % effective 1. June 2021 for all markets in Europe. This is in addition to the previously announced and implemented increases.
Sharply rising input costs in raw materials and freight rates due to global logistic constraints make the increase unavoidable and will likely be followed by subsequent increases as the trend continues.
https://www.sappi.com/sappi-europe-announces-price-rise-for-all-coated-uncoated-paper-grades-in-europe-by-7-10
Related Posts
Interfor Corporation recorded Net earnings in Q1’22 of $397.0 million, or $6.69 per share, compared to $69.7 million, or $1.15 per share in Q4’21 and $264.5 million, or $4.01 per share in Q1’21. Notable items in the quarter: • Acquisition of EACOM Timber Corporation o On February 22, 2022, the Company completed the transaction to acquire 100% of the equity interests of EACOM Timber Corporation (“EACOM”) from an affiliate of Kelso & Company. The acquisition includes seven sawmills with a combined lumber production capacity of 985 million board feet, an I-Joist plant with annual production capacity of 70 million linear feet, and a value-added remanufacturing plant with annual production capacity of 60 million board feet (the “Acquired Eastern Canada Operations”). The Company paid total consideration of $731.2 million which was funded from cash on hand and drawings on the Revolving Term Line. o The Acquired Eastern Canada Operations contributed $5.1 million of Adjusted EBITDA to Interfor’s first quarter results, which is net of $68.0 million recorded in production costs related to fair value adjustments recognized at the acquisition date.
Sappi Limited, the South African based leading global supplier of dissolving wood pulp (DWP), speciality and packaging papers, printing (graphic) papers and biomaterials has confirmed plans and ongoing projects to significantly increase DWP capacity by 2020. In particular, Sappi has started preparatory work for the potential expansion of its Saiccor DWP Mill to ensure that the company would be in a position to increase the mill's capacity by up to 250,000tpa to meet strong projected demand growth. Building on the previously announced debottlenecking investments which will increase the Saiccor Mill capacity by 10,000tpa by the end of 2018, work has also started at increasing the chipping capacity and modernising the Saiccor Mill wood yard. The new equipment for the wood yard is scheduled to be delivered and installed at the end of 2018, with start-up planned for January 2019. The wood yard investments will result in cost, quality, environmental and efficiency benefits to the Saiccor Mill and is also a major step towards preparing the Saiccor Mill to expand by a further 250,000tpa. Click Read More below for additional information.
January–September 2021 (1–9/2020) •Sales were EUR 4,457 million (3,698). •Operating result was EUR 652 million (279). Comparable operating result was EUR 694 million (274). •Result before taxes was EUR 616 million (242). Comparable result before taxes was EUR 658 million (236). •Comparable return on capital employed was 16.4% (7.0). •Net cash flow from operations was EUR 596 million (361). July–September 2021 (7–9/2020) •Sales were EUR 1,515 million (1,245). •Operating result was EUR 273 million (116). Comparable operating result was EUR 278 million (115). •Result before taxes was EUR 263 million (103). Comparable result before taxes was EUR 267 million (102). •Comparable return on capital employed was 18.8% (8.8). •Net cash flow from operations was EUR 222 million (158).