Price Increase Notification - May 2026

Dear Customers,

At Just Paper Tubes, we take pride in being the reliable link in your supply chain. For 18

months, we have absorbed rising domestic costs—including National Insurance and Living

Wage increases—through internal efficiency. However, a fundamental shift in the global

manufacturing landscape now requires a strategic price adjustment.

The Global Energy Gap

Recent strikes on Qatar’s Ras Laffan complex have removed 17% of the world’s LNG capacity.

With a 3-to-5-year rebuild timeline, this is a structural change to the energy market. Because

natural gas normally accounts for one third of the cost to produce paper, the foundational

price of every tonne has been fundamentally rebased.

A Shrinking Market

The European coreboard market was already at a breaking point. With a permanent mill

closure in Germany and a French producer in administration, supply is at a record low.

Furthermore, protracted engineering overruns among major Italian players have led to

consistent production delays. The supply chain hasn't just fractured; it has fundamentally

shrunk.

Cumulative Operational Pressures

While energy drives the coreboard crisis, it has triggered a domino effect across our entire

operation:

• Raw Materials: A 30%+ surge in coreboard, liners and specialised adhesives.

• Logistics: Rising fuel surcharges and transport costs.

The "March Move": Protecting Your Production

While recent market instability has caused widespread concern across the industry, we have

taken decisive action to protect your supply chain. Early March, we leveraged our unrivalled

domestic storage capacity to move ahead of the curve. By securing significant physical

reserves of coreboard from three distinct geographic regions, we have ensured that your

production remains insulated from external volatility.

Although replenishing our stock in April will incur 30% higher raw material costs, we have

made the strategic decision to utilise our current reserves to fully shelter our customers from

these increases for the next month while we continue to aggressively build our physical stocks to guarantee your long-term supply chain security.

Adjustment to Pricing

While our strategic reserves have allowed us to delay the impact, we must now adjust to the

new market reality. To maintain our essential stock levels and guarantee we remain 'open for

business' despite these global shifts, a 10% price adjustment will take effect on all orders

delivered from 1st May 2026.

The Certainty of Supply

Whether you have been with us for six months or 30 years, you know our track record. We

aren’t just selling cardboard tubes; we are selling the certainty that they will be on your dock

when you need them.

We are providing this notice now to allow you to pass these costs up your own supply chain

effectively.

Yours sincerely,

Harry Coates

Managing Director