Cham Paper Group announces price increases

Cham Paper Group says that the cost situation for the paper Industry has deteriorated continuously since the beginning of 2004 and it is advising the market of substantial price increases (according to grade and invoiced currency). The company says that only insignificant compensation in the form of price increases was obtained in 2004 and that the paper industry has serious cause for concern in virtually all cost areas, from energy and raw materials to transport.
Cham Paper added that, although fiber-based materials have been affected to a lesser degree, more directly oil-based materials have imposed increases of more than 50 per cent in less than a year.
Cham Paper Group has a total annual capacity of 260,000 tons of specialty papers for flexible packaging, pressure sensitive materials, wet glue labels and various industrial applications. The group has five paper mills in three European countries.