Press ReleasesNippon Paper Industries Announces Patent-coated Board Price Revisions
Nippon Paper Industries Co., Ltd.
Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; hereinafter, "the Company") has announced price revisions for patent-coated board.
|1. Products subject to price revisions||
One-side coated duplex board, specialty board and both sides patent-coated board
|2. Markup||Minimum 10%|
|3. Timing of implementation||From May 21, 2017 shipment|
|4. Reason for implementation||
Patent-coated board have been facing a difficult earnings condition because of rising prices of a number of raw materials and fuels since the second half of last year.
The Company has been promoting thorough cost reductions, but the current price level is lower than the revenue level where reproducible profit can be secured through our independent efforts alone. Therefore, the Company decided the revision of the product prices.