Myllykoski to raise magazine paper prices in Europe

Jun 09, 2008. /Lesprom.com/. Myllykoski has announced a price increase for all uncoated and coated magazine paper grades as of July 1. The firm is seeking a minimum of Euro 50/tonne ($79/tonne). Due to the strong euro, additional increases will be applied in specific non-euro markets. Myllykoski will continue to focus on achieving short contract validities. "We expect demand to be higher than supply in the second half of the year," Henrik Bjornberg, Myllykoski's executive vice president of markets, said. "I do recommend our customers to safeguard their paper supply. The price correction is critical and I would not be surprised if we saw another increase for the 4Q." Myllykoski is paper group with manufacturing in Finland, Germany, Switzerland and the United States and sales offices around the world. Myllykoski products consist of wood-containing uncoated and coated publication papers, including newsprint.