Due to the extra ordinary pulp cost situation, Jujo Thermal Ltd. is forced to apply a 10% pulp cost surcharge for all new POS orders effective today, including where the price has been agreed. Where and when the price agreement ends, the surcharge will be converted into a price increase, the size of which will be at least 10%.

 

Production of POS grades will be curtailed to match the expected decrease in the order inflow due to this extreme measure.

 

The pulp surcharge and the price policy will be applied until further notice.

 

 

Peter Hutton

President & CEO