The South African fine paper producer declared its intentions to paper merchants at the end of last year, and the news follows similar announcements by fellow producers.
Earlier this month M-real announced a 6-7% UK price rise for all woodfree coated and uncoated reels, with similar rises expected for sheet grades.
Sappi cited cost increases for raw materials and rising energy costs as the reasons for the price hike.
Have your say in the Printweek Poll
Related stories
Latest comments
"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
Up next...
Replacement 'will be operational later this year'
Walstead makes decision on Bicester 64pp
'Ridiculous decision'
Unite “prepared to fight” on proposed DS Smith site closure
Also helps mitigate volatile energy prices
