The main surge in energy costs, many European paper giants announced price increases in September, with an average increase of 10%!

Since the beginning of August, it is understood that many paper giants in Europe have generally announced price increases, and the average price increase is about 10%. The price increase trend is obvious. What’s more, the impact may continue into this year.
Paper giants raise prices collectively. Sonoco, Sappi, lecta, bearing brunt!

European paper company Sonoco-Alcore will increase the price of tube & core in Europe, the Middle East and Africa,Increase of 70 EUR/ ton.
Due to the continued inflationary pressure in Europe, European paper company Sonoco-Alcore announced on August 30, 2022 that the company will increase the price of tube & core in Europe, the Middle East and Africa by 70 EUA/ton. Then it will be effective after September 1, 2022.

Sonoco-Alcore is a global supplier of consumer, industrial, healthcare and protective packaging founded in 1899. They said they had to raise prices to maintain the supply of products in the face of soaring prices in the European energy market.
In addition to Sonoco-Alcore, Sappi also announced a price increase of 18% for its entire Specialty Papers in Europe. And the new prices will go into effect on September 12. Although it has experienced a round of price increases before, the rising cost of pulp, energy, chemicals and transportation has become the reason for Sappi to adjust prices again. Sappi is one of the world’s leading suppliers of sustainable wood fiber products and solutions.

In addition, the well-known European paper company Lecta also announced an additional 8% to 10% price increase for all double-coated chemical pulp paper (CWF) and uncoated chemical pulp paper (UWF). And it will take effect on September 1, 2022.
We can see that the general price increase in the paper industry involves various fields such as recycled cardboard, specialty paper, and chemical pulp. Raw material and energy costs have been rising since the beginning of 2021 and are expected to continue this year. Therefore, many European giants have made price increases in the same period, using the form of price increases to offset the soaring costs of raw materials, energy, transportation and other costs.