Sappi Europe announces a price increase of 5% for all of its coated mechanical reels business as of July 1, 2017. The company explains the step with a continuing cost inflation and the consequently declining profit margins.
Earlier Sappi Europe announced a further price increase for its Woodfree papers (WFU/WFC) from June 15 , 2017.
South African Pulp and Paper Industries (Sappi) Limited was founded in 1936. The company is headquartered in Johannesburg. It is focuses on commodity paper products, pulp, chemical cellulose and forest and timber products for Southern Africa and export markets. In 2013, it was reported as the world’s largest producer of dissolving wood pulp.