Sappi Europe to increase prices for all Sublimation & Inkjet grades by 8-15%

Since 1998, Mohawk has lead the market with innovative substrates for digital printing. Starting with legendary fine paper and carefully expanding into specialized non-paper substrates, Mohawk is celebrating 20 years of product innovation. At this year’s DSCOOP gathering in Dallas, Mohawk will introduce a number of new products engineered for HP Indigo as well as wide format printing. Mike Madura, VP of Product Management and Development says, “We wanted to arrive at DSCOOP ready to demonstrate these new paper and specialty materials in a manner that would echo the conference focus on Inspiration. Anyone who knows us knows that we are always looking for new ways to inspire designers and printers with the power of materials through provocative demonstration.”

Huhtamaki has completed the sale of the vacated manufacturing facility and related land usage rights in Guangzhou, China, as announced on April 21, 2017. Further, to conclude the consolidation of its foodservice packaging operations in South China, Huhtamaki closed down the manufacturing unit in Shandong, China, impacting app. 200 jobs. The product range manufactured in Shandong will in the future be sourced externally. In addition, to gain synergies from the recent acquisition of International Paper's foodservice packaging operations in China, comprising of manufacturing units in Tianjin and Shanghai, Huhtamaki has decided to consolidate its manufacturing operations in Tianjin into one unit. All manufacturing operations will be transferred to the unit acquired from IP. Employees currently working at the unit to be closed will be offered equivalent work opportunities at the continuing Tianjin unit. The transfer is expected to be completed by the end of the first quarter of 2018. Click Read More below for additional information.

HIGHLIGHTS • Pulp sales of 2,761 thousand tons (stable vs. 4Q22). • Paper sales³ of 386 thousand tons (14% vs. 4Q22). • Net average pulp price in export market: US$572/ton (-31% vs. 4Q22). • Average net paper price3 of R$6,732/ton (-5% vs. 4Q22). • Pulp cash cost ex-downtime of R$816/ton (-13% vs. 4Q22). • Leverage of 3.1 times in USD and 3.0 times in BRL. • Cerrado Project completes 86% of physical progress and 78% of financial progress.