Dear partners,

The direct and continuous communication with the most important and greatest range of paper and plastic producers in Europe and Asia for the situation in the Worldwide market, we regret to inform you that in the last period it has been noticed an increasing tension in the raw materials’ Worldwide market, as well as an outstanding increase in prices regarding the transportation of containers by sea.

Thus, we thought that informing you would be imperative, regarding what’s happening in the provisioning sector of paper and plastic, and by extension, which sectors’ management will be affected the most, the upcoming period.

The continuous increase in paper pulp production, the ever-increasing natural gas and petrol prices, combined with the difficulty in finding containers and vessels for the transportation of various products, as well as the maintenance of freight charges in steady, high levels, lead undoubtedly in the following consequences:

Global Freight Rates 2019-2021

• Long Deliveries: Long delivery times are taking place, due to the lack of equal allocation of orders from customers and deficiency of raw materials from factories.

•  Continuous Increase in Prices: The frequency and prices of different kinds of paper and plastic are escalating astonishingly. Specifically, the last two months it has been observed an increase in prices of paper and plastic by 40% and 20% respectively, while at the same time, a decrease in these products’ availability, with an announcement of a new price increase within 2022.

For the above- mentioned reasons, it is appreciated any patience and comprehension shown by you, as well as the maximum possible prompt prediction and programming of your orders, in order for a fertile communication and collaboration to be achieved in these challenging times.

Our company feels the need to thank its customers and partners for the current excellent collaboration and trust shown to us in the past years.