Portuguese paper producer Navigator to raise prices by 6-9% in Europe
09/04/2021 12:22
LISBON, April 9 (Reuters) - Portugal's pulp and paper
producer Navigator NVGR.LS will raise paper prices in Europe
by between 6% and 9% from May 10, the company said on Friday.
The company, which sells its products in 130 countries
across five continents, said the price increase took into
account higher costs worldwide for pulp, chemicals and
logistics, but also a "robust demand" for Navigator's products
and brands late last year and in the first months of 2021".
"The company will continue to tightly monitor the
market...and act, if required, to correct potential future
imbalances between its products prices, raw materials and
logistics costs", it said in a statement.
Navigator shares were up 0.07% at 2.84 euros at 1120 GMT.
The company reported a 64% jump in fourth-quarter net profit
in January, showing resilience in the face of new lockdown
measures imposed in some European markets due to the coronavirus
pandemic. urn:newsml:reuters.com:*:nL8N2K05QY
(Reporting by Sergio Goncalves, Editing by Victoria Waldersee,
Kirsten Donovan)
((sergio.goncalves@thomsonreuters.com; +351213509204; Reuters
Messaging: sergio.goncalves.reuters.com@reuters.net))