Solenis, a leading global producer of specialty chemicals, will implement a price increase by up to 30 percent on all utility, process and functional product lines across the EMEA region, effective December 1 or as customer contracts allow.
The price increase is necessary due to the tightening of raw material supply globally and escalating energy, packaging and transportation costs.
https://www.solenis.com/en/resources/news-releases/2021/solenis-to-increase-prices-on-all-product-lines-across-europe-middle-east-and-africa-emea
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On October 10, 2017, Industrial Assets Corp. completed the purchase of Appleton Coated LLC. Industrial Assets Corp. is a California-based corporation specializing in capital financing acquisition and sale of distressed manufacturing companies. Going forward, Appleton Coated will continue limited operations while working with Industrial Assets to secure a strategic buyer that plans to operate at full capacity. To that end, Appleton Coated will be taking/processing orders and has stock of its Utopia, C1S, Reincarnation and Ethos products. Our Customer Service area is available from 7:00 AM CST to 5:30 PM CST to accept inquiries and orders. We look forward to continuing to work with you and thank you for your support and loyalty to Appleton Coated. Click Read More below for additional information.
The group faced persistent challenges in the global economy and encountered ongoing weakness in paper and pulp markets, leading to a reduction in EBITDA to US$106 million for the quarter ended June 2023. Specifically, the paper businesses experienced a significant downstream destocking cycle. Customers reduced their inventories in anticipation of lower prices, thereby affecting demand. In response, we proactively curtailed excess production in Europe and North America, implemented various cost-saving initiatives across our operations, and applied measures to optimise working capital. The profitability of the South African business was more stable, bolstered by the dissolving pulp business. Despite the challenging economic environment, we generated cash in the quarter and liquidity in the group remained strong.