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Belgium-based specialty papermaker Idempapers SA said that it will increase the price for its carbonless products in sheets up to 5 percentage, effective with deliveries starting from November 14.
In a press release, the company said, “Despite the price increases already implemented during the past months, the volatile UK currency has impacted our margins and we are forced to implement a further price correction. The current Pound/Euro Exchange Rate is more than 20% lower than it used be a year ago.”
Idempapers, a newly independent paper company located in Belgium’s Walloon Brabant region, produces high-value specialty papers such as carbonless and one-side coated products.