News
STROMSDAL CORPORATIONSTOCK EXCHANGE RELEASE
15 July 2008 at 10:00 hrs (Finnish time)
STROMSDAL CORPORATION TO INCREASE PRICES WITH 10%
Stromsdal Corporation is aiming at increasing prices with 10% for all its paperboard products on all its market areas as of September 1, 2008. On some market areas the price increase has already been effective as of July 1, 2008.
Reasons for the price increase are; improved quality of Stromsdals paperboards and the continues increasing production costs. Electricity, energy, pulpwood, labour and transportation costs have all continued to increase.
During the last 12 months Stromsdal has made three large and successful investment projects, and thanks to those investments Stromsdals quality- and service level have improved. Made investments, enables us to satisfy the increasing demand for our specialty food packaging product TECTA. Due to improved surface and printability properties we have been able to increase our market share for graphical paperboard.
According to the Company the much improved quality and service level will make it possible to push through the price increase on all market areas.
STROMSDAL CORPORATION
Managing Director
Further information:
Mikael Åbacka
Managing Director
Tel. +358 400 737 452
Distribution:
Helsinki Stock Exchange
Main Media
www.stromsdal.com
STROMSDAL is a forest based industry company and its board mill is located in Juankoski, Finland. Stromsdal’s sales and customer service network covers more than 30 countries, mainly in Europe.
For demanding printing jobs Stromsdal offers its customers premium-quality graphical boards - GraphiArt Duo and GraphiArt Pro - with excellent combination of printability, brightness and stiffness. For food-packaging Stromsdal offers its speciality environmentally friendly product – Tecta – a dispersion coated barrier board, which is 100 per cent plastic-free, bio degradable and fully recyclable.
Stromsdal’s shares are listed on the Small Cap segment of the Helsinki Stock Exchange (OMX Nordic Exchange Helsinki Oy) under the company code STM1V.
STROMSDAL CORPORATION
Juankoskentie 7 A, P.O.Box 33, FI-73501 Juankoski
Tel. +358 20 7109 200, Fax. +358 20 7109 210
www.stromsdal.com
