Sappi Europe to increase prices

Following Sappi’s announcement on 8 May of a  price increase for  European coated fine and coated mechanical reels, Sappi Europe confirm its 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.