Press ReleasesNippon Paper Industries Announces Price Revisions to Chipboard, Color Board, Core Paperboard, etc.
Nippon Paper Industries Co., Ltd.
Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; hereinafter, "the Company") has announced price revisions as follows.
|1. Products subject to price revisions||
Chipboard, color board, core paperboard, paste board products, etc.
|2. Markup||Minimum 10 Yen/Kg|
|3. Timing of implementation||From September 1, 2017 shipment|
|4. Reason for implementation||
These products 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.