About Kraft Paper price revisions
Nippon Tokai Industrial Paper Supply Co., Ltd.
Nippon Tokai Industrial Paper Supply Co., Ltd. (head office : Chiyoda-ku, Tokyo,President and Representative Director: Satoru Muto, hereinafter referred to as"the Company”), a subsidiary of NIPPON PAPER GROUP, will implementprice revisions of kraft paper as follows.
Record
| 1. Target varieties |
Kraft Paper(double double craftPaperfor heavy bags, general double double kraftPaper) |
|---|---|
| 2. Price increase |
More than 15% of the current price |
| 3. Implementation period |
From October 1, 2022 shipments |
| 4. Reason for implementation |
With the drastic changes in the global situation since theprice revisionsannounced in December 2021,raw materials and fuelprices and logistics costs have continued to soar, and in addition, the rapid depreciation of the yen has been spurred. In response, although Nippon Paper Industries Co.,Ltd., Shin-Tokai Paper Co., Ltd.,the companies continue to take measures such as cost reduction, they have not reached the level of profit that can be reproduced, and we have come to the conclusion that we have no choice but to ask forprice revisionsagain. |