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.