The Navigator Company has applied a 20% energy, logistics and commodities surcharge on the sales price of its tissue products, effective since 21 March.
The company said: “Since the beginning of the Russian-Ukrainian conflict, which has severely aggravated already unstable and unpredictable macroeconomic dynamics, the Navigator Company has experienced a steeper increase in energy related costs.
“With international sanctions on Russia and high European dependency on their gas supply, the current geopolitical situation has led to a very rapid increase in energy prices, with expectations of further increases.
“Apart from the direct impact of the energy prices on Navigator’s cost structure, the company is also severely affected by the indirect energy impact in several commodities and logistic costs.”
It added that under these circumstances of “extreme uncertainty, with Navigator being exposed direct and indirectly to energy price volatility, significantly affecting its profitability”, the company has implemented energy, logistics and commodities surcharge on its tissue products, amounting 20% of the sales price, to offset the significant raising of its input costs.