Sappi increases prices for its LWC and MWC grades prices by 6-8% from July 1st 2018 for all markets due to continued cost increases and strong demand. This follows previous announcements made for its woodfree coated and woodfree uncoated grades.
https://www.sappi.com/sappi-increase-lwc-and-mwc-grade-prices
Related Posts
Financial summary for the quarter: *Severe impact from Covid-19 on profitability *EBITDA excluding special items US$26 million (Q3 2019 US$118 million) *Loss for the period US$73 million (Q3 2019 Profit of US$8 million) *Net debt US$1,977 million (Q3 2019 US$1,728 million) *EBITDA from packaging and specialities segment increases 109%. For the quarter dissolving pulp (DP) and graphic paper sales volumes were 29% and 40% lower respectively. In response, a number of cost containment initiatives were implemented which, along with a positive currency movement, resulted in fixed costs being US$67 million less than the equivalent quarter last year. Consequently, the group generated EBITDA excluding special items of US$26 million compared to US$118 million in the equivalent quarter last year, which led to a decline in profitability and a loss of US$73 million for the quarter.
President and CEO Ilkka Hämälä: The year 2024 was exceptionally weak financially, with comparable operating profit falling to EUR 203 million. Demand in our main markets was subdued in all product groups, except for tissue and cooking papers and Kerto® LVL. At the beginning of the year, political strikes caused a loss of EUR 60 million. The effects of higher raw material and logistics costs could not be passed on to product prices, as demand was weak. Major development investments in recent years have significantly increased depreciation. The positive effects of new capacity on profits have not yet materialised in the sawmill, pulp and paperboard industries due to the start-up of production and weak demand.
Sugar pulp can be applied as a sustainable substitute for wood fibre to produce paper on an industrial scale. Crown Van Gelder recently signed a Letter of Intent with Cosun Beet Company for the joint development of innovative solutions for sustainable paper and packaging materials.