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Procter & Gamble beats sales estimates as COVID-19 continues to drive demand for cleaning products


Procter & Gamble beats sales estimates as COVID-19 continues to drive demand for cleaning products
Reuters
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MIKE BLAKE/Reuters
Procter & Gamble Co beat quarterly sales and profit estimates on Tuesday, as pandemic-weary people kept up their stocks of soaps, detergents and other cleaning products, even as COVID-19 vaccines began to roll out.
For over a year, the global health crisis has caused sales of P&G’s hygiene and washing products such as Charmin toilet paper and Tide laundry detergents to swell, as consumers stockpiled on essentials and cleaning supplies to stay prepared for more lockdowns. ....

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Big increases in paper prices on the way


Burgo was the first manufacturer to announce its plans
Italy-headquartered Burgo Group was first to make its notification. It is increasing prices in Europe by up to 15% on all its graphic papers, from the beginning of June. 
“As a consequence of the ongoing production cost increases – particularly pulp, energy and chemicals – Burgo Group will increase prices up to 10% for woodfree grades and up to 15% for coated mechanical grades effective deliveries from 1 June 2021,” the company stated. 
It said the increases would be applied on all contractual and non-contractual business.
Burgo UK managing director Alberto Bortoluzzi told Printweek: “In every market in Europe and overseas we will start local discussions, but this [increase] is our goal.  ....

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