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More paper price rises are on the way with global suppliers James Cropper and Mitsubishi HiTec Paper both announcing significant price hikes that will take effect in coming weeks.
Mitsubishi HiTec, manufacturer of coated specialty papers, is increasing prices for its Thermoscript thermal paper and Giroform carbonless paper by 6-7%, effective Sept.
“Further increases in costs for pulp, chemicals and logistics make this adjustment necessary,” the company told customers in a letter.
About 700 employees at Mitsubishi HiTec Paper produce direct thermal, inkjet, carbonless, label and barrier papers at two locations in Bielefeld and Flensburg.
English firm James Cropper Paper, established 1845, has told customers it’s increasing prices from 4-5% globally from 7th August.
“In the face of significant raw material cost increases, James Cropper is raising paper prices across its portfolio of grades in all markets,” MD Steve Adams said this week in a letter to customers.
“Pulp prices in particular have risen markedly since the end of 2016, with further increases notified. Dyes and packaging materials are also rising.
“Our increase of 4-5% will be implemented across the full product portfolio and effective on all deliveries from 7th August 2017.”
“It is of upmost importance to Spicers that we minimize increases in costs from our suppliers,” said Spicers CEO David Martin. “We have been tightly managing the costs directly under our control, yet we recognize that the tight margin position of the industry means our ability to absorb supplier increases is limited.”