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Leading global provider of sustainable wood fiber products and solutions invests in recycling.

Due to continuing input cost increases and unsustainable profit levels, Sappi is forced to continue passing on this cost inflation by increasing its WFC and WFU in sheets and reels by 6-8% effective on deliveries from April 1st 2018 for all European and Overseas markets.

Commenting on the result, Sappi Chief Executive Officer Steve Binnie said: “Our performance for this quarter was in line with our expectations. We continue to work hard to mitigate increased input costs and the impact of a stronger Rand/Dollar exchange rate. We will begin to see the benefits of selling price increases during the rest of the financial year.”

Particularly the ever increasing pulp costs but also other rising raw material prices force Sappi to increase its Specialities and Packaging Papers prices as from 1 April 2018.