M-real announces European boxboard price hike

The company said that the increase, which takes effect on 1 December for all ex-mill and ex-stock deliveries, was in response to the “severe cost inflation experienced in previous years” and “to compensate for riding pulp prices”.
 
It follows closely on the heels of moves by other materials suppliers to increase prices.
 
In June, Iggesund Paperboard increased its prices by 20% in an attempt to counteract the effects of a weak pound; while Sonoco-Alcore increased its recycled paperboard prices by £40 per tonne in Europe from September.
 
Mika Joukio, M-real’s head of consumer packaging, said: “We have brought in additional customer benefits from new product innovations like the Lite4u concept.
 
“Through this price increase, we are securing our ability to support our customers’ success in the future.”
 
The price hike will be effective until further notice, the company said.