Following the escalation in raw materials, logistics, energy, and other costs throughout 2021, The Navigator Company will increase paper prices in Europe up to 6 per cent.
The Navigator Company sells its products to 130 countries over five continents, under its paper brands Navigator, Discovery, Explorer, Inacopia, Inaset, Pioneer, Soporset and Target. The paper increase will be effective for all dispatches from 27th September.
The Navigator Company said, “since the beginning of the pandemic, the industry has been operating within a framework of unacceptable margins to remunerate capital, which jeopardises its future sustainability. The escalation of prices for raw materials and subsidiaries, logistics, energy, and CO2 throughout 2021 has brought even more pressure to these margins forcing the company to raise prices to recover acceptable levels of profitability. The present context on the demand side, with record-high order books and supply limitations and disruptions, supports this margin recovery movement along the value chain.”