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.
Following our announcement on 8 May of a price increase for European coated fine and coated mechanical reels, Sappi Europe confirm our intention to raise prices also for woodfree coated sheets by 8% and a further increase on woodfree uncoated sheets and reels by 5-8% effective 1st of July 2015.
Ongoing cost increases allied with present price levels has led to unsustainable profitability for this business also, therefore corrective price actions are inevitable.