Following improved global market balance as well as improved demand for printing paper, SCA announce a price increase in Europe of € 40 per ton for Coated Mechanical reels and Uncoated Mechanical reels, valid for deliveries from January 1 2018.
https://www.sca.com/en/about-sca/currently-in-sca/press-releases/2017/price-increase-for-publication-papers/
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Total European shipments of graphic papers in December 2021 were UP 3.2% vs. December 2020 and were UP 4.4% year-to-date. Total European shipments of newsprint in December 2021 were down 5.5% vs. December 2020 and were down 3.4% year-to-date. Total European shipments of sc-magazine in December 2021 were down 6.9% vs. December 2020 and were down 0.7% year-to-date. Total European shipments of coated mechanical reels in December 2021 were UP 9.7% vs. December 2020 and were UP 3.0% year-to-date. Total European shipments of uncoated mechanical (improved & others) in December 2021 were down 6.2% vs. December 2020 and were UP 2.5% year-to-date. Total European shipments of coated woodfree in December 2021 were UP 11.2% vs. December 2020 and were UP 11.7% year-to-date. Total European shipments of uncoated woodfree in December 2021 were UP 10.2% vs. December 2020 and were UP 10.7% year-to-date.
We herewith announce a price increase of 5 - 7 % for all our uncoated fine paper products. It will be implemented for deliveries starting from 2nd January 2018. This price increase is primarily caused by continuously increasing fibre input cost and general cost inflation.
Sylvamo now has access to $60 million initially put in escrow for disputed goodwill tax deductions in Brazil which it intends to use to pay down debt. The company’s lenders agreed to eliminate the escrow after a Brazilian court ruled in its favor. The ruling—covering two-thirds of the amount disputed in several proceedings—is subject to appeal. Due to the potential liability of the goodwill tax deductions, lenders limited Sylvamo to $90 million in annual cash returns when it became an independent company in 2021. In September 2023, the company made a $60 million escrow deposit to remove the limit in its credit agreement, allowing it to return more than $90 million annually in cash to shareowners through share repurchases and dividends.