Sappi Europe Says Unparalleled High Energy Tariffs Force Further Price Hikes

“Sappi therefore announces price increases of between 10-25% dependent on the product segment to be implemented at the latest by the beginning of February 2022. This will be in addition to the increases already announced and implemented for January. In parallel, Sappi will continue to review the viability of each asset and cannot rule out production stoppages if the situation demands.

“Sappi understands that circumstances are extremely difficult and remains committed to managing its business effectively, supporting the industry and serving its customers. Furthermore, it urges the European Union, local governments and authorities to structurally address the volatile energy markets which presently endanger the future of European manufacturing,” the company concluded.

Headquartered in Brussels, Belgium, Sappi Europe SA is a leading European producer of coated fine paper used in premium magazines, catalogues, books and high-end print advertising. To learn more, visit: Toilet paper | Facial tissue | Neck paper (wehicredit.com)

SOURCE: Sappi Europe