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Wednesday, 08 September 2021 10:54

Mitsubishi HiTec Paper to up all prices by 20%

Mitsubishi Paper Mills, will increase the price of 20% for its entire product range – Thermoscript, Jetscript, Giroform, Supercote, and Barricote from 1 September 2021. This was due to “the continued sharp rise in energy costs [and] significant cost increases in the areas of logistics and raw materials”.

“This step is unavoidable so that we can continue to offer our partners our wide range of coated speciality papers in the well-known high quality,” the company added. A raft of papermakers, plate, and ink manufacturers have been forced to put up prices, or implement surcharges, in what has been described as a perfect storm of spiralling raw materials and transport costs.

Photo courtesy of Mitsubishi paper Mills

Published in International

The German papermaker has been badly hit by the impact of the Covid-19 pandemic, which resulted in a significant decline in sales of its papers.

Zanders entered a form of administration in March and attempted to reorganize, but this has proved unsuccessful.

As a result, operations ceased at the end of last month, and existing orders will not be completed. In a statement, provisional insolvency administrator and Doctor of Law Mark Boddenberg said: “It is with great regret that we have to inform you that the business operations of Zanders Paper GmbH have been discontinued as of 30 April 2021.

“As a customer, you must assume that you will no longer receive open orders. We will inform you about the sale of remaining paper stocks in a timely manner, insofar as possibilities exist”.

Published in Inside the Business

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