Page 10 - PWM_OCTOBER 2021 EBook
P. 10

NEWS         CONSUMABLES AND PAPER




           Fedrigoni introduces  Materia                                                           IP divests from

                                                                                                   Paper business
           Viva Natural Papers                                                                     International  Paper

                                                                                                   Company today announced
                                                                                                   the completion of its previ-
                                                                                                   ously announced separation
           Fedrigoni Group, the leading                                      daring to try alternative solu-  and  spin-off  of  its  global
           global producer of luxury                                         tions to generate change.   printing  papers  business,
           speciality papers for packag-                                     Our  mission  is  Elevating   now operating as Sylvamo
           ing, publishing and graphics,                                     Creativity.”          Corporation (NYSE: SLVM).
           as well as self-adhesive label-                                     Materia Viva (Italian for   Each  International  Paper
           ling products, has launched                                       ‘living matter’) is inspired by   shareholder  received  one
           Materia Viva – a collection of                                    nature.  The  collection  of   share of Sylvamo common
           high  recycled-content                                            innovative and sustainable   stock for every eleven shares
           papers.                                                           papers brings together nine   of International Paper com-
            The  range  comprises                                            high-quality product lines   mon stock held on the record
           between 20% and 100% nat-                                         presented in a customisable   date.  International  Paper
           ural  cellulose-alternative   The Group was recently awarded the Gold Medal from EcoVadi  box with a special card show -  continues to own approxi-
           fibres, such as cotton and                                        ing a photo of a landscape   mately  19.9%  of  the  out-
           hemp, sourced exclusively   and can guarantee the neces -  on the environment whilst   matching the paper. Materia   standing shares of Sylvamo
           from FSC certified forests.   sary strength and resistance  elevating the creativity of the  Viva is a culmination of tech-  common stock.
           The collection includes new  to folding.    brands, designers, printers   nologically advanced solu-  “The spin-off enhances the
           paper variants as well as oth-  Micaela Di Trana, market-  and converters who work   tions that respond to any   strategic flexibility and focus
           ers  that  were  previously   ing & R&D VP at Fedrigoni   with us. We do this at every  packaging or printing need   for long-term success and
           available in the company’s   Paper, commented: “We’ve   stage  of  our  production   whilst respecting communi-  value creation at both compa-
           portfolio since 1996 but have  been  pushing  ourselves   cycle: from the extraction of  ties and the environment.  nies. International Paper is
           since  been  revisited  and   beyond the limits of technol-  raw materials, the manufac-  Fedrigoni’s commitment   now  a  highly-advantaged,
           improved.             ogy for over 20 years, to real-  ture and distribution of the   to increasing the sustainabil-  corrugated  packaging-
            The  world  of  luxury  is   ise new sustainable, creative  finished product, to the use   ity of its products, processes   focused company, well-posi-
           increasingly looking for nat-  possibilities. With each sheet  and disposal of the material.  and supply chain is ratified   tioned to grow earnings and
           ural content papers that are  of  paper,  we  reduce  the   Being  sustainable  for  us   by  the  latest  2020   cash generation,” said Mark
           elegant,  high-performing,   impact of our supply chain   means being creative, and   Sustainability Report.  Sutton, chairman & CEO.
           Flint Group announces global  Lecta to raise specialty

           price increase                                                    papers prices



           Flint  Group  Packaging                                           Lecta  announces  a  price
           announces the intention to                                        increase of 12% to 14% on all
           further increase the prices                                       its Specialty papers grades.
           of all its ink and coating                                          This  price  increase  is
           products for the Flexible                                         essential in order to offset
           Packaging, Paper & Board                                          the exceptional increase in
           and Narrow Web markets.                                           raw materials driven by the
           Increases will vary by prod-                                      soaring price of gas, energy
           uct  and  will  be  applied                                       and chemical costs.
           throughout the remainder                                            The  new  prices  for   Price to rasie between 12 to 14%
           of 2021.                                                          Thermal,  Carbonless,
            The  increasingly  chal-                                                               significant downturn which
           lenging array of conditions                                       Labels  and  Flexible   is not sustainable without
                                                                             Packaging papers will be
           present across the ink &                                          effective on deliveries from   the relevant passing-on of
           coating supply chains are   Increases will vary by product and will be applied continuously.  these  increases  into  the
           showing no sign of abating.                                       new orders and applied in all   prices of our products by
           Conditions have worsened   on  allocation  following   ventional),  Pigments,   markets.  adding surcharges.
           over the summer period as   numerous  force  majeure   Titanium Dioxide (Ti02) &   These new quotations will   These surcharges will be
           the availability of key raw   events.       Organic Chemicals repre-  be subject to the addition of   subject  to  review  each
           materials,  packaging  &   Costs are increasing rap-  sent  the  majority  of  the   surcharges  due  to  the   month in accordance with
           freight has tightened, driv-  idly and supply is tightening  increases.  Raw  material   uncontrollable and unfore-  the relevant energy prices of
           ing costs to unprecedented   across all procurement cate-  increases are being further   seeable increasing prices of   the  immediately  prior
           levels.  Flint  Group   gories  however,  the  vast   compounded by a series of   gas and energy cost.  month.
           Packaging  is  now  facing   majority of the cost escala-  packaging and freight cost   In the current scenario of   Lecta sales teams are at
           confirmed cost increases at   tion can be seen in the raw   increases. The magnitude   constant review of prices by  our customers’ disposal to
           extraordinary  levels  and   material markets. Esters,   and speed of all increases is   our energy suppliers, Lecta’s  coordinate  the  price
           many key raw materials are   Resins (both UV and con-  unparalleled.  cost structure has suffered a  increase implementation.

          10 PrintWeek MENA October 2021                                                              www.printweekmena.com
   5   6   7   8   9   10   11   12   13   14   15