Germany’s corrugated board industry raises sales volume in H1

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Germany’s corrugated board industry raises sales volume in H1

August 13, 2014 - 22:49

BRUSSELS, Aug. 14, 2014 (RISI) -The members of the German corrugated board industry association Verband der Wellpappen-Industrie (VDW) managed to increase their sales in the first half of the year. According to the association, some 3.69 billion m² of corrugated board were sold from January through June, around 1.9% or 69 million m² more than in the same period last year.

"While the growth was still at 1.2% in Q1, it more than doubled to 2.6% in the second quarter. The upward trend

we noticed at the start of the year in our sector is getting stronger," VDW managing director Oliver Wolfrum said in

a statement.

Regarding the cost side, the association said that the situation the corrugated board manufacturers find themselves in has - temporarily - relaxed somewhat. "There has been a discrepancy between steadily rising paper prices and a trend towards decreasing sales for years," Wolfrum said, adding that in his mind the current development on the paper market will give the association members a short break only, as paper manufacturers announced price hikes of up to Euro 70/tonne ($93.5/tonne) for containerboard from August.