Smurfit Kappa to continue raising prices amid 'unprecedented' cost inflation

The company said energy and raw material prices remain elevated and it expects to have to continue to recover those costs throughout 2022.

Smurfit Kappa CEO Tony Smurfit is concerned over a potential resurgence of supply chain disruption.

Irish paper and packaging group Smurfit Kappa has said it is likely to further increase its prices in a sign that major companies will have to continue to pass on rising costs and struggle with inflation for the foreseeable future.

Smurfit has reported strong annual profits, but said it will continue to raise prices in order to recover high costs after having seen “unprecedented cost inflation”.