Leading paper merchant is letting the industry know its intention to lift prices as of Monday April 10 in response to rising international mill prices.
In line with increases in paper prices set by international mills out of Europe and Asia, Spicers will be announcing a forthcoming price increase across specific products within its Commercial Print Portfolio.
The company has been internally mitigating many local input costs however it has now received material cost increases via several international mill price rises.
Mills worldwide, especially out of Europe and Asia, have raised their prices on papers and boards purchased by Spicers. It is anticipated that more increases will be announced over the coming months.
“It is Spicers policy to alleviate the severity of these price rises where possible, however they have now reached a stage where we have no alternative but to pass on these increases,” said David Martin, CEO Spicers.
The new pricing on popular brands such as Pacesetter Laser Recycled, Alpine Coated and Impress DM Matt will become effective as of Monday 10th April, 2017.
The highly competitive paper industry continues to be adversely affected through rising input costs, but Spicers states it will continue to try and absorb as much of these costs as possible to minimize the effect on customers and end-users.
The company said that implementing price increases is not taken lightly and they appreciate their customers' understanding and continued support.
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Update: Other paper merchants are considering similar moves or have already begun increasing their prices:
"It’s inevitable that it will need to happen – the question is just when and what amount," says Simon Doggett, MD KW Doggett. "There have been price increases in nearly all export markets except for this region."
Dale O’Neill, sales director at Direct Paper, says: "We’ve been increasing prices on line items out of necessity since December – we’ve had to move our prices up as pressure’s increased on each segment. To maintain a full service with smaller volumes, it’s something that has to be done."