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 paper firms raise prices by 2 3 due to increase in raw material costs
paper firms raise prices by 2-3% due to increase in raw material costs

After nearly three years of stagnation, paper prices have started firming up.
After a good FY18, companies have again raised prices by 2-3 per cent in the current financial year due to increase in raw material costs.
Industry official said global players have taken a price hike of 6-8 per cent in the past one and a half months and the rupee has also depreciated during the same period, which gives Indian companies room to hike prices.
Manufacturers have said that in 2019-20, the price is expected to head northward as raw material cost is likely to continue its rising trend.
Starting fiscal 2014, prices remained almost stagnant on an annual average basis, according to CARE Ratings data. This is due to high imports, stabilisation in wood prices and lower power and fuel cost. However,

paper makers raise prices by 2.5% across segments as input costs pinch

Paper manufacturers have raised their product prices by an average 2.5 per cent across all segments for January, in order to pass on the increase in raw materials such as pulp and paper chemicals. This is the second price increase in three months after paper producers had, in November, reversed a one per cent price cut they had implemented September. Prices of specific grades of paper have gone up by to 5 per cent, depending upon the regions in which mills operate. With this, prices of writing and printing paper have increased by Rs 1,000-2,000 a tonne in January.Paper mills across the country usually hike prices in between November and January because this is a season in which the demand from book and notebook publishers escalates. During the current year, however, makers of writing and p

paper makers raise prices by 2.5% across segments as input costs pinch

Paper manufacturers have raised their product prices by an average 2.5 per cent across all segments for January, in order to pass on the increase in raw materials such as pulp and paper chemicals. This is the second price increase in three months after paper producers had, in November, reversed a one per cent price cut they had implemented September. Prices of specific grades of paper have gone up by to 5 per cent, depending upon the regions in which mills operate. With this, prices of writing and printing paper have increased by Rs 1,000-2,000 a tonne in January.Paper mills across the country usually hike prices in between November and January because this is a season in which the demand from book and notebook publishers escalates. During the current year, however, makers of writing and p

jk paper, west coast paper, others set to script record profits in fy18

The per capita paper consumption in India is just about 13 kg, less than one-fourth of the global average of 57 kg
In spite of an expanding digital economy, JK Paper, West Coast Paper and International Paper are set to script their most profitable performance in this financial year.
Profits at these paper manufacturers had surpassed the 2016-17 numbers in the first nine months of 2017-18, with improved efficiency, a favourable pricing environment and reduction in interest expense.
JK Paper has reported net profit of Rs 1.9 billion during the April-December period of FY18, growing 75 per cent over a year before. The FY17 net profit was Rs 1.6 bn. West Coast Paper earned Rs 1.4 bn in the first nine months of this financial year, growing 85 per cent over a year before; the profit was ne

jk paper, west coast paper, others set to script record profits in fy18

In spite of an expanding digital economy, Indian paper companies – JK Paper, West Coast Paper, and International Paper, among others – are set to script their most profitable performance in the current financial year. Profits at these companies have already surpassed the FY17 annual numbers in the first nine months of the current financial year thanks to improved efficiencies, favourable pricing environment, and a reduction in interest expenses. JK Paper has reported a net profit of Rs 1.86 billion during the April-December period of FY18, growing 75 per cent year-on-year (YoY). This is more than the profit of Rs 1.62 billion it earned in FY17. Kolkata-based West Coast Paper earned Rs 1.44 billion in the first nine months of this financial year, growing 85 per cent YoY. The company has sur

maruti follows tata motors, honda; to raise car prices by up to 2% from jan

Country's largest carmaker Maruti Suzuki India (MSI) plans to increase prices across its models by up to 2 per cent from January in order to partially offset the rise in input costs.The company currently sells a range of models, from hatchback Alto 800 with price starting at Rs 2.45 lakh to crossover S-Cross priced at Rs 11.29 lakh (all prices ex-showroom Delhi).When contacted, a company spokesperson told PTI that the company is revising prices as there has been a gradual increase in commodity prices over the past few months."We were absorbing the impact of small fluctuations till now. But with the gradual increase in commodity prices we will have to pass on the increase to the customers from January," the spokesperson said.When asked about the quantum of increase, the spokesperson said: "

businesses complain of rising costs from legislation

Bosses have complained that government interventions are increasing the cost of doing business in Britain, in a survey by the British Chambers of Commerce (BCC).See related Argos named and shamed among minimum wage offendersThe trade body even went as far as to suggest policies like pensions auto-enrolment, the national living wage and the apprenticeship levy are threatening firms' "ability to raise wages" at a time when real pay is in decline, says the Financial Times."About 80 per cent of the 1,400 companies surveyed … in July said their costs had gone up this year" as a direct result of new employment legislation, says the paper.Seventy-five per cent of firms surveyed said new obligations to auto-enrol employees in a pension scheme had increased costs and 50 per cent said the higher leg

'unethical' dutch health insurers invest in expensive pharma firms

Health insurers are making money out of expensive drugsDutch health insurance companies are investing millions of euros in pharmaceutical companies which charge extremely high prices for their drugs, the Volkskrant reported on Wednesday.The total investment may only be a fraction of their total invested assets of €15bn, but it does mean there is a conflict of interest with their main function – keeping healthcare costs as low as possible – the paper said.Last year, for example, CZ invested €1.6m in Biogen, Vertex and Gilead, three firms which have been criticised for their high prices and refusing to justify the cost. Menzis had €1.2m in Biogen while Zilveren Kruis invested in Biogen and Gilead, the paper said.Biogen, which booked profit of €3.7bn last year, makes a drug to combat the musc

hike in coal prices likely to impact secondary steel makers, says icra

The hike in prices of coal by state-run CIL is likely to make producing steel for secondary steel players costly by up to Rs 500, says a report. The increase followed an additional levy on evacuation facility charges (EFC), of Rs 50 per tonne, from December 20, credit rating agency Icra said today. "The recent hike in coal price and railway freight rate hikes, following the earlier levy of EFC, is expected to increase the cost of steel production by Rs 150-500/MT for a secondary steel producer using sponge iron and induction/ electric arc furnaces for steel-making, and dependant on domestic coal," the report said. On January 9, Coal India Ltd (CIL) hiked thermal coal prices for both power and non-power consumers with immediate effect, a decision which electricity producers said would jack

govt withdraws monthly lpg price hike order

The government has withdrawn its decision to raise LPG prices by Rs 4 per cylinder every month as the move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor.The government had previously ordered public sector oil marketing companies to raise domestic cooking gas (LPG) prices by Rs 4 per cylinder every month beginning June 2016 with a view to eliminating subsidies.The order was, however, withdrawn in October, a top source said.Subsequently, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have not raised LPG prices from October.Previously, the oil firms were authorised to increase the price of subsidised domestic LPG cylinder by Rs 2 per 14.2-kg cylinder per month (excluding VAT)

lpg price up by rs 1.50 per cylinder

Cooking gas (LPG) price was hiked by Rs 1.50 per cylinder in line with the government decision to raise rates every month to eliminate subsidies by March.
A subsidised 14.2-kg LPG cylinder will from today cost Rs 488.68 in Delhi as against Rs 487.18 previously, IOC said.
The hike comes on the back of over Rs 7 per cylinder increase effected from September 1. In addition to this, Sunday's hike in the LPG price is the fifth increase since the government's May 30 order that asked state-run oil firms to raise rates by Rs 4 per cylinder every month.
Meanwhile, jet fuel or ATF price was also hiked by a steep 6 per cent on firming international rates, the third straight increase in rates since August.
Aviation turbine fuel (ATF) will now cost Rs 53,045 per kilolitre (kl) in Delhi, Rs 3,02

govt takes back lpg price hike order after 'contrary' signal

The government has withdrawn its decision to raise LPG prices by Rs 4 per cylinder every month as the move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor.The government had previously ordered public sector oil marketing companies to raise domestic cooking gas (LPG) prices by Rs 4 per cylinder every month beginning June 2016 with a view to eliminating subsidies.The order was, however, withdrawn in October, a top source said.Subsequently, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have not raised LPG prices from October.Previously, the oil firms were authorised to increase price of subsidised domestic LPG cylinder by Rs 2 per 14.2-kg cylinder per month (excluding VAT) with

ford india plans to hike prices by up to 2% from april

Automaker Ford India plans to increase prices of vehicles across its model range by up to 2 per cent from April in order to partially offset rise in input costs.The company sells a range of vehicles in the country, from Figo hatchback to iconic Mustang sedan, which are priced between Rs 4.65 lakh to Rs 66.3 lakh (ex-showroom Delhi)."Owing to input costs, Ford cars will see an increase of 1-2 per cent from April," a Ford India spokesperson told PTI.Last week, Volvo Auto India announced to increase prices of vehicles across its model range by up to 2 per cent from April.Earlier, Honda Cars India had announced that it would hike prices of its models by up to Rs 10,000 from next month to offset higher freight charges and input costs.German luxury car maker BMW had also announced that it would

better margins for metal firms likely in q2

The profitability of Indian base metal manufacturers is likely to witness a substantial improvement in the July-September quarter due to a sharp increase in the prices of underlying metals in global markets.
While the benchmark spot London Metal Exchange (LME) lead and zinc prices jumped by 11 per cent and 17 per cent, respectively, during the September quarter, copper and aluminium reported increases of 10 per cent and 11 per cent, respectively. 
Indian manufacturers link their product prices with those on LME while factoring in the rupee-dollar movement. Non-ferrous metal players have been reporting a strong margin expansion in the last one year on the back of rising commodity prices, robust volume growth and benign input costs. However, in the April-June quarter of the current finan

small recovery seen in prices of new homes last year | business

Several residential construction firms last year raised their prices for the first time since the outbreak of the financial crisis, after deciding the improvement in the climate – albeit small – and the increase in transactions were sufficient reasons for them to try to improve their bottom line.In its annual report, realty firm RE/MAX Greece noted a 2.2 percent year-on-year increase in newly built homes in Attica last year.The prices of houses and apartments in provincial cities rose 1.6 percent, but in Thessaloniki the average price dropped 4.8 percent.

wa's electricity prices to rise while the rest of australia enjoys savings

Western Australia, the Northern Territory and the ACT will continue to see electricity price increases while the rest of the country enjoys price reductions, with WA forecast to experience a 6.5 per cent jump in current energy bills.In its latest electricity trends report, the Australia Energy Market Commission predicts prices across the country will rise sharply in the first quarter of 2018 before falling by 6.2 per cent each year on average over the next two years from July thanks to falling wholesale energy costs.
WA prices at a glance.  Photo: AEMCAEMC Chairman John Pierce said prices paid by WA consumers were set by the WA government, which subsidised electricity prices. Residential prices were now less than the cost of supply.But he said an analysis of underlying drivers found ther

rba swallowing business bunkum on wages

Assistant governor Luci Ellis went over some of that ground in a speech on Tuesday and added what the bank has been told by its business community liaison, repeating without criticism the claim that “competition makes us do it”.The RBA notes some signs of the labour market tightening in the NAB business survey, indicating suitable labour is becoming increasingly difficult to find.RBA's Luci Ellis says firms are increasingly using creative ways to attract and keep staff without paying across-the-board wage rises.Photo: Ben Rushton“So far, though, the response to that difficulty has not been to pay people more to ensure they stay, or poach them from elsewhere,” Dr Ellis said.“Instead, we hear that firms are increasingly using other creative ways to attract and keep staff without paying acros

arturia raising matrixbrute pricing – synthtopia

Arturia has announced plans to raise pricing on its MatrixBrute analog synthesizer, effective July 1st.They have posted a notice of the price change on their site:Customer noticeDue to increasing component and manufacturing costs, the retail price of MatrixBrute will rise on July 1st, 2018.In the Eurozone, the price will increase from 1999€ to 2299€In the USA, the price will increase from $2199 to $2499“The decision to raise this price hasn’t come easily,” says Arturia president Frédéric Brun in a statement. “We waited to make the change for as long as we could. Due to increasing component costs, and to aid our distributors and retailers in a context where several Euro/US$/£ have fluctuated since the introduction, we considered that now was the right time.”

arturia raising matrixbrute pricing – synthtopia

Arturia has announced plans to raise pricing on its MatrixBrute analog synthesizer, effective July 1st.They have posted a notice of the price change on their site:Customer noticeDue to increasing component and manufacturing costs, the retail price of MatrixBrute will rise on July 1st, 2018.In the Eurozone, the price will increase from 1999€ to 2299€In the USA, the price will increase from $2199 to $2499“The decision to raise this price hasn’t come easily,” says Arturia president Frédéric Brun in a statement. “We waited to make the change for as long as we could. Due to increasing component costs, and to aid our distributors and retailers in a context where several Euro/US$/£ have fluctuated since the introduction, we considered that now was the right time.”

accc urges aussies to 'fight back' against rising petrol prices

“Retail prices in the larger capital cities can vary by around 25 cents per litre to 30 cents per litre near the time that price cycles are increasing.”Mr Sims said the average gross retail margins are now more than four cents per litre higher than the average over the last 15 years, creating an additional $750 million hit to motorists.“Petrol retailers’ margins are the highest they have ever been and motorists are paying for it,” he said.The ACCC said part of the increase in fuel costs is due to rising Brent crude oil prices, which have surged to highs not seen since 2015, as the Organisation of the Petroleum Exporting Countries cartel cuts oil production levels globally, as well as the falling Australian dollar, which impacts prices as refined petrol is bought and sold in US dollars on t

with summers setting in, mother diary, amul increase milk prices

Just days before Holi, Mother Diary today raised prices of milk across all its variants by Rs 2 per litre because of increase in purchasing price.
According to an official statement issued by the Company, it has been compelled to raise milk prices in Delhi and NCR because of significant increase in raw milk purchase price.
"Since the last hike in milk prices in July 2016, consumer milk prices have been retained despite significant increase in raw milk purchase prices," Mother Diary said.
It added that milk prices, which in a normal year comes down during winter months, have gone up substantially.
"The company believes in giving competitive and remunerative price to the farmer to ensure sustainability of dairying and availability of safe milk for consumers. Pertinent to note that Mot

mounting input costs rattle aluminium producers vedanta, hindalco, nalco

For the country’s top three aluminium producers – Vedanta, Hindalco Industries and National Aluminium Company (Nalco), the challenge to contain the cost of metal production seems to have become more formidable now. The spiralling prices of key ingredients in aluminium making – from alumina to coal, coal tar pitch and caustic soda – has rattled the companies. At the end of December 2017, the soaring prices of these key inputs had a total impact of $744 per tonne (year-on-year) on the aluminium production cost. This has negated the gains from aluminium prices on the London Metal Exchange (LME) strengthening from an average $1782 last financial year a tonne to $2,000 a tonne in 2017-18 (till November). According to data from the Aluminium Association of India (AAI), alumina prices have gone u

rs 4 a litre hike in petrol, diesel prices in offing, say brokerage firms

A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said.
No sooner had Karnataka polled to elect a new state government, state-owned Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) on Monday ended a 19-day hiatus in revising petrol and diesel prices and reverted to the practices of changing rates on a daily basis.
Since then petrol price has risen by 69 paisa a litre, including a 22 paisa hike effected today that took rate in Delhi to Rs 75.32, the highest in almost five years.Diesel prices have gone up by 86 paisa a litre, including 22 paisa increase today that took the rate to their highest ever of Rs 66.79 a litre

irish sun - rising crude oil costs lead to soaring fuel prices

The main factor in the increased fuel prices is the rising crude oil costs Currently, fuel prices are highest since March 2017The findings were released in a recent research from AA IrelandDUBLIN, Ireland - With the cost of crude oil rising, the country’s fuel prices are soaring towards dramatic figures. According to a recent research conducted by AA Ireland, a litre of petrol currently costs 136.9c on average, up 2c since October - while a litre of diesel currently costs 126.1c, up 2.7c per litre on October’s prices.The AA Ireland research found that both fuels are now at their highest per litre cost since March of this year, when a litre of petrol cost 137.7c and a litre of diesel set motorists back 127.1c.In a statement, Conor Faughnan, AA Director of Consumer Affairs said, “For the maj

lpg price hiked by rs 4.50 per cylinder

The price of cooking gas was hiked by Rs 4.50 per cylinder on Wednesday, the 19th increase in rates since July 2016 when the government decided to eliminate subsidy on it by raising prices every month.Also, the price of jet fuel or aviation turbine fuel (ATF) price has been increased by 2% on firming international rates, the fourth straight increase in rates since August, according to price notification posted by state-owned retailers.The price of non-subsidised LPG or market-priced cooking gas has been hiked by Rs 93 to Rs 742 per unit. Subsidised LPG price has been hiked by Rs 4.50 per 14.2-kg cylinder to Rs 495.69.The government last year had asked state-run oil firms to raise prices every month to eliminate all the subsidies by March next year.Since the implementation of the policy of

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