M
mdane
COMMENT
Recycle recycle they say! Yet paper continues to rise in price and yet
the price of scrap paper is just about worthless.
Mabon Dane
STORY
Paper prices to increase; Bilt, JK Paper hike costs
New Delhi, July 18 (PTI): Paper prices are headed for an increase again
with leading manufacturers Bilt and JK Paper revising prices upwards
due to rise in input costs and firm demand in the market.
"Already in the beginning of this month we have increased prices of
coated paper by Rs 1,000 to Rs 1,500 per tonne and now we are looking
at revising the prices for uncoated paper as well," JK Paper Managing
Director Harsh Pati Singhania said.
He said the company would finalise the increase in price of uncoated
paper by about Rs 500 per tonne next month.
The price rise was on account of rising input costs, mainly wood and
bamboo, along with other raw materials and chemicals, he said.
"Also, the demand for our products from the market has been firm and we
have to keep that in consideration while we revise the prices,"
Singhania added.
Another leading paper manufacturer, Bilt also said it was in the
process of implementing its price hike for both coated and uncoated
papers.
"For the uncoated paper we have increased prices by Rs 600 per tonne,
while that of the coated by about Rs 1,000 to Rs 1,100 per tonne," a
BILT official said.
In the beginning of this year, BILT had hiked the price of its uncoated
paper by Rs 750 per tonne. The BILT official also said strong demand
from markets coupled with rising input cost were responsible for the
price revision.
Asked if the revised prices would affect demand, Singhania said, "We do
not forsee any dip in demand. In the last 12 months the paper industry
has seen increased prices but the demands have been robust".
SOURCE:
http://www.hindu.com/thehindu/holnus/006200607180323.htm
Recycle recycle they say! Yet paper continues to rise in price and yet
the price of scrap paper is just about worthless.
Mabon Dane
STORY
Paper prices to increase; Bilt, JK Paper hike costs
New Delhi, July 18 (PTI): Paper prices are headed for an increase again
with leading manufacturers Bilt and JK Paper revising prices upwards
due to rise in input costs and firm demand in the market.
"Already in the beginning of this month we have increased prices of
coated paper by Rs 1,000 to Rs 1,500 per tonne and now we are looking
at revising the prices for uncoated paper as well," JK Paper Managing
Director Harsh Pati Singhania said.
He said the company would finalise the increase in price of uncoated
paper by about Rs 500 per tonne next month.
The price rise was on account of rising input costs, mainly wood and
bamboo, along with other raw materials and chemicals, he said.
"Also, the demand for our products from the market has been firm and we
have to keep that in consideration while we revise the prices,"
Singhania added.
Another leading paper manufacturer, Bilt also said it was in the
process of implementing its price hike for both coated and uncoated
papers.
"For the uncoated paper we have increased prices by Rs 600 per tonne,
while that of the coated by about Rs 1,000 to Rs 1,100 per tonne," a
BILT official said.
In the beginning of this year, BILT had hiked the price of its uncoated
paper by Rs 750 per tonne. The BILT official also said strong demand
from markets coupled with rising input cost were responsible for the
price revision.
Asked if the revised prices would affect demand, Singhania said, "We do
not forsee any dip in demand. In the last 12 months the paper industry
has seen increased prices but the demands have been robust".
SOURCE:
http://www.hindu.com/thehindu/holnus/006200607180323.htm