In light of continuous and sustained increases in costs of raw materials, Sappi Fine Paper Europe will be raising its SBS board prices by Euro75 per ton effective 15 November 2013, as the company said in the press release received by Lesprom Network.
"We have seen a gradual continuing increase in the costs of raw materials required to manufacture our SBS board," said Rosemarie Asquino, Sappi Europe's Sales & Marketing Director Speciality Papers. "We understand that this may cause some difficulty for customers, who are also facing their own pricing instability. However, it is critical that we are able to continue to provide the highest quality board that will enable our customers to meet and exceed their packaging needs. This price increase will ensure that our manufacturing dynamics are sustainable and that we can continue to deliver the exceptional quality materials and services our customers have come to expect from Sappi."
Sappi Fine Paper Europe is the leading European producer of coated fine paper used in premium magazines, catalogues, books and high-end print advertising.