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ECBA: High energy costs threaten coreboard industry

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ECBA: High energy costs threaten coreboard industry

October 08, 2021 - 05:33
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BRUSSELS, Oct. 8, 2021 (Press Release) -The Association of European Coreboard producers (ECBA) in Brussels reports that the demand in 2021 is still good and could not be expected in that extent. That’s the reason why producers ran through over the summer holidays and had to postpone again the necessary maintenance.

Despite the positive market development, the revenue situation, however, has reached proportions that could threaten the industry's existence. Since some weeks ago energy prices only know one way up and the prices for gas have quadrupled, reaching more than 150€/MWh. The same situation is seen for electricity.

Such a strong increase was never seen before in Europe. The price for one Megawatt hour in Germany reached on Wednesday morning almost 214 €. That’s the highest price since 13 years ago. Also, the average price is – according to the German Bundesnetzagentur - with 68€/MWh clearly above the long-term mean. The association is reporting that this tight situation can be observed all over Europe and the colleagues in other parts of the world are reporting similar developments. In some countries prices for energy even climbed higher.

This situation is seen within the whole paper industry and the producers of cartonboard already have announced price increases of up to 150€. Producers of other paper grades are expected to follow. In the meantime, some producers of coreboard have informed customers about energy surcharges of 100€ -150€. The surcharge is expected to remain until energy and gas levels will come down to a reasonable level.