Press ReleasesNippon Paper Papylia Co., Ltd. Announces Price Revisions to Thin Printing Paper and Other Types of Paper
Nippon Paper Papylia Co., LTD.
Nippon Paper Papylia Co., Ltd. ("the Company"; President: Sumio Miyake, Chiyoda-ku, Tokyo) of Nippon Paper Group has announced price revisions to thin printing paper and other types of paper. Details are as follows.
| 1. Products subject to price revisions |
Thin printing paper, back carbon copying paper, processing base paper |
|---|---|
| 2. Markup | Minimum 10% |
| 3. Timing of implementation | From shipments taking place on February 21, 2015. |
| 4. Reason for implementation |
Despite its ongoing efforts to cut costs, the Company finds it difficult to deal, by itself, with the increase in the cost of raw materials, attributable mainly to the sharp depreciation of the Japanese yen. The Company has therefore decided to increase the prices of products so that it can sustain production. |