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COLOGNE, Germany, Jan. 21, 2020 (Fastmarkets RISI) – South Korea’s Hansol Paper has announced 8010% price increase for its thermal paper exports, effective for shipments starting February 1.
The firm is the thermal paper market leader in South Korea.
Hansol attributed the hike to rising pulp and ocean freight costs.
The firm said that ongoing efforts to improve its profitability over the past few months have been outpaced by the substantial cost increases.
It has thus decide to seek the price hikes in order to keep its business sustainable.
