The Navigator Company will further increase its Uncoated Woodfree Paper prices in Europe by 8-15 per cent, following already implemented price increases during January and early February in the USA, between 6 and 9 per cent, and in overseas namely in the Middle East, North Africa, and Latin America, between 7 and 10 per cent. New European prices will be effective for all dispatches from 1st March onwards.
Reflecting the volatility of the current market conditions, Navigator will revise the situation continuously and price lists will have a maximum validity of two months. In addition, Navigator informed that it will not be able to keep the usual four-week pre-notice for price list changes.
This decision was taken due to unprecedented times that the market is experiencing with a continuous cost increase in all relevant manufacturing inputs, as well as logistics, several abnormal disruptions that keep limiting supply and unparallel order book in the industry.
Navigator believes that this measure is imperative to support the long-term sustainability of its business model and of the overall supply chain.
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