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
Global packaging and paper leader Mondi has accelerated plans to take action on climate by committing to transition to Net-Zero by 2050. This next step builds on almost two decades of progress, including a 45% reduction in specific greenhouse gas (GHG) emissions against a 2004 baseline and science-based targets approved by the Science Based Targets initiative (SBTi) in 2019. "The climate crisis is the most urgent risk facing society and businesses must take decisive action to mitigate their impact. Mondi has a long track record of investing in our operations to reduce our GHG emissions and the Board’s approval of our new Net-Zero plan reinforces our commitment to contributing to a better world. The adoption of science-based targets in line with 1.5°C is an important milestone in our journey to Net-Zero. However taking action today is an absolute imperative and we already have a clear roadmap to achieve our 2025 milestones." Andrew King, Mondi’s Group CEO
Sappi North America, a leading producer and supplier of diversified paper and packaging products, today received an award for its investment in the state of Minnesota from the Minnesota Office of Foreign Direct Investment, under the Minnesota Department of Employment and Economic Development (DEED). The award highlights the company’s contributions to the economic vitality of local communities, and its commitment to keeping Minnesota a world-leading business destination. “We are honored and delighted to receive this award from the Governor’s office for our contributions to the great state of Minnesota,” said Mark Gardner, president and CEO of Sappi North America. “Through the investments made under Sappi’s 2020Vision strategy, we’re ensuring that our Cloquet facility will continue to operate at this high standard for many years to come.” Click Read More below for additional detail.
Appvion announced completion of the sale of substantially all of the Company’s assets to a group of its lenders led by Franklin Advisers, Inc. The transaction will significantly reduce Appvion’s debt, provide additional liquidity, and better position the Company to compete long-term in the evolving specialty paper market and further invest in the innovation that has made it a market leader. As previously announced, the sale was approved by the U.S. Bankruptcy Court for the District of Delaware on May 14, 2018. The total consideration was approximately $365 million, plus the assumption of substantial liabilities, including many of the Company’s contractual obligations. Prior to the closing of the transaction, the Company reached agreement with the United Steelworkers Union on new collective bargaining agreements for Appvion’s manufacturing facilities in Appleton, Wisconsin, West Carrollton, Ohio, and Roaring Spring, Pennsylvania. The new three-year agreements, which were ratified at the end of May, cover approximately 830 Appvion employees. Click Read More below for additional information.