Mitsubishi puts Giroform reels' price up by 6%

Mitsubishi HiTec Paper has announced a 6% price rise for its Giroform reels in the UK and Ireland with effect from 1 January 2003.

UK managing director Brian Garson said the rise was needed because the average reel sales price development had been disappointing, and was "no longer covering costs".

Richard Lotz, chairman of printer Jaguar Business Forms, said he was in favour of the increase. "If it means that all manufacturers follow suit, this will allow us to raise our prices, which we desperately need in the industry." But he did not want a return to "rollercoaster price levels".

The increase will take effect across mainland Europe and overseas from 1 November.
The last price increase for reels and sheets came in April when most manufacturers announced a 5% rise.