More paper price hikes
Not surprisingly, the effects of higher oil and energy prices have begun to feed through to the price of raw materials. All types of global converters and label stock manufacturers can expect many more hikes of the type announced by the Switzerland based Cham Paper Group. From this month it will raise prices by an average of 8 percent, depending upon grade and invoiced currency. It says the hike is essential despite rationalization in all of its mills to offset cost increases.