Walki announces price increase

Walki Group recently announced a price increase for the products of Technical Products Business Area. The current demand of kraft papers is very high, and on top of this the seasonal demand from the building industry is increasing. Polymer prices have already seen strong increases in 2011, and prices will continue to increase due to the unstable situation in several oil producing countries in North Africa and Middle East. Also aluminium prices continue on an upwards trend already since almost a year.As a result Walki see no alternative but to reflect these raw material cost increases in the selling prices, and increase the prices by 5-10% depending on the markets, the constituents of the products, and the structure of the agreements in place. The price increase will be applied on all products of the Technical Products Business Area, effective for orders despatched on and after May 1, 2011. Furthermore, given current information, there is a strong likelyhood that a further 3-4% price increase will be applied July 1, 2011.