Zanders, a German manufacturer of speciality papers and boards for labels, packaging and graphic applications, said that it will increase the prices for all deliveries from 1 January 2019.
The amount of the price increase will be individually discussed depending on the individual product, the respective market and customer.
Zanders sales director John Tucker said: “Prices for chemicals, energy and pulp have seemingly stabilized, but remain at an historical all-time high.
“The cost explosion that has happened over the past one and a half years was not fully covered by previous price increases, and the buying market is still in a very tight situation for certain critical ingredients. As we near the conclusion of the investor process, the price increase is also part of the strategic considerations for 2019 to ensure a sustainable future for the company.”
The Zanders sales team will be in contact with their customers to provide them with details about the new pricing.
Source: Company Press Release.