Fraser Papers to Raise Prices on Specialty Paper Products
Press release from the issuing company
TORONTO, ONTARIO - Nov. 14, 2007 - Fraser Papers Inc. announced today that it has increased the selling price for certain of the Company's specialty packaging and printing grades. The average increase of 6% affects thermal base papers, pressure sensitive papers and packaging products. Price increases will be applied to all shipments after December 9, 2007.
"We are continuing to make significant improvements in productivity and reduce controllable costs. However, the unprecedented rise in raw material and energy costs has made these price increases necessary," commented Brian McAlary, Vice President, Sales and Marketing for Fraser Papers.
These price increases follow already announced price increases in the Company's lightweight printing and specialty groundwood product lines.
Fraser Papers is an integrated specialty paper company which produces a broad range of specialty packaging and printing papers. The company has operations in New Brunswick, Maine, New Hampshire and Quebec. Fraser Papers is listed on the Toronto Stock Exchange under the symbol: FPS. For more information, visit the Fraser Papers web site at www.fraserpapers.com.
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