The tissue production group is expanding its US presence through an integrated plant (paper mill and converting) in Inola with an output of 120,000 metric tons a year, a total investment of 360 million dollars within 2020. Sofidel's first greenfield investment in the US, in Circleville, Ohio, will instead be completed by the end of 2018. Sofidel, one of the global largest tissue (paper for hygienic and domestic use) production players, today announces a major new stage in its journey of international growth, initiating a new greenfield investment in the United States to build an integrated plant - i.e. including both the paper mill and converting lines - in Inola, Oklahoma, around 30 miles east of Tulsa. Click Read More below for additional information.
Due to continuing input cost increases and unsustainable profit levels, Sappi is forced to continue passing on this cost inflation by increasing its WFC and WFU in sheets and reels by 6-8% effective on deliveries from April 1st 2018 for all European and Overseas markets.
Despite strong order books margins continue to be depressed by this severe input cost inflation. Sappi’s sales representatives will be in touch with their customers to agree on the specifics over the following weeks.