Technicote Westfield Announces Price Increase
Effective with all orders placed on/after June 15, 2018 Technicote Westfield will increase prices by 5% for all Strata pressure sensitive sheeted products. Orders placed prior to June 15, 2018 and scheduled to ship within standard lead times will receive current pricing.
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Fortress Paper Provides Operational Update on its Landqart Mill
Fortress Paper Ltd. announces that its wholly-owned subsidiary, Landqart AG, has received notices from one of its significant international customers cancelling that portion of purchase orders which were scheduled for production and delivery by the Landqart Mill in the fourth quarter of 2017 and in fiscal 2018. The cancelled purchase orders represent approximately 16% of the budgeted order book at the Landqart Mill for fiscal 2017 and 30% for fiscal 2018. Despite other suppliers experiencing similar cancellations, Landqart continues to have dialogue with the customer to potentially reinstate all or a portion of the cancelled orders over an extended period of time within fiscal 2018. There are no assurances that any reinstatement will be forthcoming. Management is seeking to fill the production void caused by the cancellations and is deploying various strategies, including: (a) pulling forward existing purchase orders, (b) seeking new orders from existing and new customers, and (c) requesting special one-time supplemental orders from existing customers for immediate production. Click Read More below for additional information.
UPM’s sawmill business and Industrial Union reach agreement
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