The Office Times

Mondi reports costs pressures for uncoated fine paper

Mondi reported that its uncoated fine paper business continues to perform strongly, although the quarterly performance was impacted by ongoing cost pressures, particularly in South Africa, planned maintenance shuts and limited pricing momentum.

Average benchmark European uncoated fine paper prices were flat on the comparable prior year period and up 1% on the second quarter of 2017. Pricing in the domestic Russian and South African markets remained stable over the period. Supported by steady demand and cost pressures from rising pulp prices, price increases are currently in the process of implementation in the European, Russian and South African markets for selected products.

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