The rise in raw materials prices continues in the packaging sector and no material is spared. After the announcement of dramatic increases in the plastics industry, it’s now M-real, Europe’s leading primary fibre paperboard producer and a major paper supplier, to announce an increase in its rates.
Effective for invoicing as of July 1st 2011, the prices of folding boxboard supplied by M-real is raising by 7 to 9% in Europe, the Middle East and Africa. According to the Finland-based group, this decision is a result of the cost inflation, which has been higher than estimated.
In 2010, the company’s sales totalled EUR 2.6 billion, and it has approximately 4,500 employees.
