Packaging company Smurfit Kappa has announced a €60 per tonne increase in recycled containerboard prices, effective from July 1st.
The increase, according to the company, is in response to improving demand and falling inventory levels – particularly during June.
Davy Stockbrokers said the industry had attempted to implement an increase in recycled prices earlier this year which did not go through.
“Given the strength in demand and falling inventory levels, we believe this attempt will be successful.”
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Meanwhile, S&P Dow Jones Indices announced that Smurfit Kappa Group will be added to the S&P Europe 350, S&P Euro Plus and S&P Euro and S&P UK indices. The addition will happen after the close this Friday.
