LISBON – Portuguese pulp and paper producer Navigator stated on Tuesday it would elevate the cost of its tissue merchandise to offset what it defined as an “unsustainable” spike in enter costs from together with power to packaging materials.
Navigator, which sells more than 80% of its merchandise to ONE HUNDRED THIRTY international locations on 5 continents and the remaining to family clients, said in an announcement the “world modification in the economy” was affecting the total trade.
From Jan. 15 onwards, a 15% surcharge will be implemented to all of Navigator’s tissue products. the decision will probably be reviewed steadily based on evolving market conditions, the company stated.
Navigator said it had skilled significant spikes in the cost of natural gasoline, pulp, chemical products, wood pallets and logistics, adding that the “remarkable measure” was once had to enhance the lengthy-term sustainability of its industry style.