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Paper Supplier Raises Prices, Again

M-Real to hike magazine papers in early 2009.



By Jason Fell
11/26/2008

European paper supplier M-Real today said it will raise prices for coated fine and coated magazine papers by 8 percent starting in early 2009.

Earlier this year, the company increased prices for its U.S. market coated magazine papers by $60 per ton and its U.K. magazine papers by about $80 per ton.

With mounting production costs, CEO Mikko Helander has called for continued price increases more than once this year. ā€œThere is a definite need to increase the prices for all paper and paperboard products, and we will do everything we can to achieve the necessary increases,ā€ he said in the companyā€™s first half financial report.

This fall, M-Real agreed to sell its graphic paper business and four of its European paper mills to Sappi Fine Paper North America parent Sappi Limited for $1.1 billion.

M-Real isnā€™t the only paper company to raise prices in 2008. Verso Paper andĀ  NewPage Corporation also increased prices this year.

By Jason Fell
11/26/2008




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