Sappi Europe announces a price increase for all its Packaging and Speciality paper grades by 7 – 11 % valid for deliveries from 1 April 2021.
Sharply rising input costs, particularly relevant to pulp and energy in combination with very high freight rates due to global logistic constraints make price increases unavoidable.
https://www.sappi.com/sappi-europe-announces-price-increase-for-packaging-and-speciality-papers
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Duluth's longtime paper mill is expected to be sold to an Italian paper products company, about a year into operations as ST Paper. Sofidel, which operates several plants in the United States, expects to not only preserve but add employees, said ST Paper spokesman Bill Broydrick. "This is good news," he said of expanding operations at the mill, which first opened in 1987 and is a major taxpayer and utility customer, employing about 100. Both Duluth's City Council and St. Louis County commissioners need to sign off on two aspects of the deal, and that could happen this month.
JANUARY 1 – SEPTEMBER 30, 2017 (compared with the year-earlier period, continuing operations): •Net sales increased 9% to SEK 12,422m (11,434) •Adjusted EBITDA improved 10% to SEK 2,683m (2,443) •The adjusted EBITDA margin was 21.6% (21.4) •Adjusted operating profit was SEK 1,838m (1,616) •Operating profit totaled SEK 1,725m (1,739) •Net profit for the period totaled SEK 1,278m (1,358). Click Read More below for additional information.
Norske Skog continues its efforts to increase revenue from the growing packaging market. At the same time, Norske Skog operates in the publication paper market with declining demand for parts of the group's product portfolio. The markets have been characterised by overcapacity and low margins for a long period, while the industry also experiences challenging framework conditions. Significant inflation in energy and raw material prices has put further pressure on profitability.
As a result, Norske Skog has conducted a thorough review of its entire cost base. This process has identified several cost-reducing opportunities and more efficient organisation of operations. Following this, a number of measures have been implemented to reduce the group's costs and improve competitiveness. Among the measures are downsizing of operational and support functions across all units of the group by up to 200 full time employees during the period from 2025 to 2027. Part of the downsizing will occur through natural attrition and hiring freezes.