Portugal's Navigator hikes tissue prices to offset input costs
04/01/2022 22:05
LISBON, Jan 4 (Reuters) - Portuguese pulp and paper producer
Navigator said on Tuesday it would raise the price of its tissue
products to offset what it described as an "unsustainable" spike
in input costs from including energy to packaging materials.
Navigator, which sells more than 80% of its products to 130
countries on five continents and the rest to domestic clients,
said in a statement the "global change in the economy" was
affecting the overall industry.
From Jan. 15 onwards, a 15% surcharge will be applied to all
of Navigator's tissue products. The decision will be reviewed
regularly based on evolving market conditions, the company said.
Navigator said it had experienced significant spikes in the
cost of natural gas, pulp, chemical products, wood pallets and
logistics, adding that the "exceptional measure" was needed to
support the long-term sustainability of its business model.
(Reporting by Catarina Demony; editing by Richard Pullin)
((catarina.demony@thomsonreuters.com; +351 915 616 444
(Twitter: @CatarinaDemony);))