2009-12-11

Walki announces price increases and payment term harmonization on its Technical Products worldwide

Walki Group, the leading producer of protective packaging materials and technical laminates, today announced price increases on all of its Technical Products grades as a consequence of the rise of raw material and energy costs. Simultaneously, customers' payment terms will be harmonized to reflect standards set for each specific geographical market. These changes will affect the products in the company's Flexible Packaging, Heavy Duty, Insulation & Construction and Technical Papers businesses.

The price increase and the payment term harmonization will be effective as of February 1, 2010. The level of increase will depend on the markets, the constituents of the products, and the structure of the agreements in place. The increase range will vary up to 10%.

Specific details will be discussed with each customer individually by the appropriate business teams in the coming days.

For further information, please contact:
Jarkko Tuominen
Vice President and General Manager
Technical Products
+358-40-7787328
jarkko.tuominen@walki.com

Tuomo Wall
Vice President, Sales & Marketing
Technical Products
+358-40-5430487
tuomo.wall@walki.com

Information about the company: Walki Oy