Press ReleasesNippon Tokai Industrial Paper Supply Announces Kraft Paper Price Revisions
Nippon Tokai Industrial Paper Supply Co., Ltd.
Nippon Tokai Industrial Paper Supply Co., Ltd. (President: Satoru Muto; hereinafter, "NTI") has announced price revisions for kraft paper as follows.
| 1. Products subject to price revisions |
Unglazed shipping sacks kraft paper, Unglazed grocery paper |
|---|---|
| 2. Markup | Minimum 15% |
| 3. Timing of implementation | From June 1, 2018 shipment |
| 4. Reason for implementation |
Since its founding the year before last, NTI has worked on thorough cost reductions, including the improvement of production efficiency and logistics costs, together with Nippon Paper Industries Co., Ltd. and Shin Tokai Paper Co., Ltd. However, the rise in manufacturing costs, including the recent increase in the prices of raw materials and materials, is more than NTI can absorb through self-help efforts alone. To maintain and improve the quality and logistics services that satisfy our customers, and to secure a stable supply structure, NTI decided the revision of the product prices. |