Two more paper manufacturers to increase prices
Tuesday, March 16, 2021
Feldmuehle and Mitsubishi HiTec Paper are the two latest paper manufacturers to outline impending price increases on various products.
Independent German paper mill Feldmuehle will increase prices for its wet strength label papers by 8% from next month.
In a statement, it said: “After a long period of stable prices, Feldmuehle had been under severe pressure and had to decide in favour of this step. Due to the continuous and significant increases in raw materials, energy, and logistics costs a price increase for all wet strength label paper qualities is inevitable.”
The company said the increase would be effective on all new orders with deliveries from 1 April 2021.
Meanwhile, Mitsubishi HiTec Paper Europe, a German subsidiary of Japanese company Mitsubishi Paper Mills, said a 5% price increase will apply to deliveries of its entire Jetscript range of coated inkjet papers from 1 May 2021.
It attributed the rise “to the permanently increasing costs for logistics and raw materials, especially pulp” and said customers would be contacted directly by the Mitsubishi sales team.