Press ReleasesNippon Paper Industries Announces Price Revision of Backing Paper for Wallpaper
Nippon Paper Industries Co., Ltd.
Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; hereinafter, "the Company") has announced price revision of backing paper for wallpaper as follows.
|1. Product subject to price revision||
Backing paper for wallpaper
|2. Markup||Minimum 15%|
|3. Timing of implementation||From July 21, 2018 shipment|
|4. Reason for implementation||
The Company has worked on thorough cost reductions, including the improvement of production efficiency and logistics costs. However, the rise in manufacturing costs, including the increase in the prices of main raw material such as chip, materials including fuel and chemicals, and the rise in logistics costs, etc. is more than the Company can absorb through self-help efforts alone.
To secure a stable supply structure, the Company decided the revision of the product prices.