Hansol Announces Increase of Up To 15%
Hansol Paper announces price increases of up to 15% for P&W, Thermal paper and all kind of Label paper, effective immediately
SEOUL, Oct. 6, 2021 (Press Release) – Hansol Paper of South Korea has announced that export prices of printing and writing paper, thermal paper and all kind of label paper will increase by up to 15%, effective immediately.
The increase is a result of the ever-increasing costs of transportation and raw materials.
Extreme ocean freight challenges continue in many countries around the world.
Due to the congestion in major ports globally, the shortage of containers has worsened, leading to hikes in ocean freight costs.
In addition, with the Christmas and New Year holiday season approaching, shipping companies are facing additional challenges as they attempt to ensure a timely supply of goods and materials.
The decision to increase paper prices is Inevitable. Hansol has continued to work with logistic partners to maintain a timely, reliable, and complete supply chain operations for its customers around the world.