Lecta announces a price increase on all its Specialty paper grades of 10% effective for deliveries from 1 April 2021 for all European and Overseas markets.
The increase is necessary due to the sustained increase in prices of pulp and chemicals along with the sharp increase of freight costs. This follows Lecta’s previous announcement made on Thermal paper grades.
https://www.lecta.com/en/news/Pages/Lecta-to-Increase-Specialty-Paper-Prices-by-10-per-cent-from-April-1st-2021.aspx
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Chief Executive Officer John D. Romano commented, “Tronox’s second quarter performance was consistent with our previous guidance and demonstrated the continued recovery across both TiO2 and zircon. Our TiO2 volumes increased 8% compared to the first quarter, or 16% compared to the prior year quarter, as we continued to see demand increase across all regions, consistent with seasonal trends. Zircon demand remained relatively stable compared to the first quarter. Pricing for both TiO2 and zircon increased from the first quarter into the second, as expected, partially offset by unfavorable mix. We generated $84 million in free cash flow in the quarter and returned $41 million to shareholders in the form of dividends. “On the operations side, our average pigment plant utilization rate in the second quarter was lower than targeted, driven by short-term challenges relating to ramping up our assets. As a result, we incurred higher costs in the second quarter than anticipated and delivered Adjusted EBITDA at the lower end of our guided range. While this will impact the margins of pigment sold in the third quarter, the operating challenges we experienced during the ramp up in the second quarter are resolved, and our average pigment plant utilization rate for July was in the range of 80%.”
Effective with deliveries on or after October 1, 2017, UPM is increasing the transaction price of all Supercalendared and Coated Groundwood grades.
The transaction price of Supercalendered (SC) grades will increase $2.00/cwt, including all basis weights and finishes. Grades impacted include: Eco; Impresse; Impresse Plus; Max; Cat; Smart
The transaction price of Coated Groundwood grades will increase $1.00/cwt, including all basis weights and finishes. Grades impacted include: Cote; Ultra; Valor; Star.
Please note that the Coated Groundwood portion of this price increase is being announced and implemented in addition to our previous price increase letter dated June 2, 2017, implemented on deliveries July 1 and later.
Due to continuing input cost increases and unsustainable profit levels, Sappi is forced to continue passing on this cost inflation by increasing its Woodfree grades prices by 6-8% effective on deliveries from January 1st 2018 for all European markets. This follows previous announcements made for its LWC and MWC grades. Despite strong order books margins continue to be depressed by this severe input cost inflation. Sappi’s sales representatives will be in touch with their customers to agree on the specifics over the following weeks.