The Italian based Burgo group was the first to send a notice. Starting in early June, the company’s price of all printed paper in Europe will rise 15 per cent.
“As production costs continue to rise, especially pulp, energy and chemicals, Burgo group will increase the price of products without wood by 10 per cent and coating machinery products by 15 per cent from June 1, 2021,” said Burgo group The company said the growth would apply to all contracts and non contract businesses.
“We are going through a storm,” they said. Each raw material is increasing: energy, chemical composition, transportation costs, especially from China and Asia. It’s very difficult. Cost pressure is extremely important. “
Navigator announced a 6-9% increase in price from May 10. The reason for this decision is not only the further increase in pulp, chemicals and logistics costs worldwide, but also a structural impact on profitability in Europe and even the global industry, but also with strong demand for navigator’s products and brands by the end of 2020 and the first months of 2021.
The company said it would continue to monitor closely the market evolution of key business drivers and, if necessary, take action to correct potential imbalances between future product prices, raw materials and logistics costs… The company will continue to strengthen its relationship with customers and thank customers for their support.
Spain based Lecta also chose to raise prices in June. The company announced a second price increase due to the current economic environment and the continued substantial increase in raw materials, manufacturing and logistics costs. It is planned to raise the price of 8% for the flat paper and web paper with double-sided coating and uncoated wood-free products.
On April 14, Sappi Europe announced that the price of all coated and uncoated paper in Europe increased by 7% – 10% from June 1, and confirmed that this was “an increase other than the previously announced and implemented increase”. It was just a month ago that Sappi announced an increase in the price of its packaging and special grade products and came into effect in early April.
Sappi also warned that prices could rise further: “due to global logistics constraints, raw material input costs and freight costs have risen significantly, which makes price increases inevitable, and as this trend continues, subsequent price increases may occur.”
As raw materials and logistics costs rise, ink manufacturers and plate manufacturers and other industry suppliers have recently announced price hikes.
Post time: Apr-19-2021