Sappi Fine Paper Europe to Raise SBS Board Prices in November

Sappi Fine Paper Europe, Brussels, Belgium, will raise its SBS board prices by EUR 75 per metric ton, effective November 15. The company announced the price increase "in light of continuous and sustained increases in costs of raw materials."

"We have seen a gradual continuing increase in the costs of raw materials required to manufacture our SBS board," said Rosemarie Asquino, Sappi Europe's sales and marketing director Specialty Papers. "We understand that this may cause some difficulty for customers who are also facing their own pricing instability. However, it is critical that we are able to continue to provide the highest quality board that will enable our customers to meet and exceed their packaging needs. This price increase will ensure that our manufacturing dynamics are sustainable and that we can continue to deliver the exceptional quality materials and services our customers have come to expect from Sappi."

TAPPI
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