Price Hike in the Paper Industry Likely
International Paper Prices Go Up
A price hike by the Indian Paper Industry is likely during the fiscal. This comes in wake of the increase in the international paper prices and increased raw material and input costs.
Most of the companies including Star Paper Mills, Seshasayee Paper, West Coast, JK Paper, Andra Paper Mills, Orient Paper, TNPL and Sirpur Paper Mills have already affected a hike in prices between Rs 750 and Rs 1000 per tonne in the last few days. Ranjan Poddar, Chairman, Sirpur Paper Mills in an interview to a newspaper said that the price hike in the current scenario is inevitable. Poddar also said that the trend was positive in the paper industry. ``International paper prices have been on the upswing and have been increased by $50 to $70 in the last three to four months,’’ he said.
``Though the industry will not benefit from this price hike, the price hike will enable the industry to absorb the increased prices in raw materials and inputs and also help maintain margins at the existing level,’’ Poddar added.
