The Swedish hygiene products manufacturer Essity wants to increase prices due to rising raw material and energy costs. The group is the manufacturer of Tempo handkerchiefs and Zewa toilet paper. In the fourth quarter, profits fell by 34 percent compared to the same quarter last year to 2.75 billion Swedish crowns, which is the equivalent of 263.38 million euros. However, sales increased by eleven percent, the company said. The company has now announced that Essity products will become more expensive in all product categories and countries. CEO Magnus Groth sees no improvement in costs, so a price increase is “essential,” he said. CEO Groth expects commodity prices to slowly stabilize this quarter, but energy costs will continue to rise significantly.
Zewa manufacturer – toilet paper is becoming more expensive – economy
