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South Korea’s Hansol unveils paper and board hikes, acquires Danish fi
Write 한솔제지 Date 2018-07-09

BRISBANE, 20 September 2013 (PPI Asia) - South Korea's Hansol Paper has announced that it is increasing export prices for both its coated fine paper and coated recycled board products.

The firm informed customers of 5-7% hikes from deliveries from September 1, and is looking for 3-4% more starting from the beginning of next month.

Hansol attributed the hike to increased production costs.

The company has already approached domestic customers for a similar increase of around 7%.

Buys Danish producer: Hansol has also unveiled the acquisition of a 97% stake in Danish thermal paper converter Schades, one of its customers.

According to the Danish firm, this will give Hansol 25% of the European payment system printing paper market.

The acquisition follows Hansol's aggressive move into the thermal paper market over the last year or so.

It has revamped PM 23 at its Changhang facility, turning it into a swing machine able to produce either coated fine paper or thermal paper.

The 234,000 tonne/yr P&W PM can now swing to produce 100,000 tonnes/yr of thermal base paper.

The firm also overhauled PM 3 at its Osan mill, which is operated by its subsidiary Artone Paper, enabling it to produce thermal paper as well.

The unit's capacity is 180,000 tonnes/yr when making base paper for the thermal grade.

Elsewhere, the firm's Chonan plant can manufacture 45,000 tonnes/yr of thermal paper and around 55,000 tonnes/yr of other specialty paper grades.

The Changhang and Osan projects have made Hansol one of the leading international producers of thermal paper, and allowed it to diversify out of the increasingly difficult regional fine paper market.

The firm is a significant fine paper supplier to regional Asian customers, as well as to printers within Korea.

However, contacts report that regional fine paper prices this quarter have fallen to levels not seen since 2012 in the face of massive overcapacity and weak demand.

Regional fine paper mills are reporting operating rates as low as 50% as producers struggle to straiten supply efficiently enough to forestall further price declines during the coming quarter.

Furthermore, as Asian pulp prices climb, Hansol faces a disadvantage relative to one of its domestic competitors in the fine paper field, Moorim Paper, whose fiber supply is largely integrated.

 

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