Press ReleasesNippon Paper Industries Announces Liquid-Packaging Carton Price Revision

Nippon Paper Industries Co., Ltd.

Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; hereinafter, "the Company") has announced price revision for liquid-packaging carton for milk and beverage.

1. Product subject to price revision

Overall NP-PAK
Overall NS-FUJI

2. Markup NP-PAK  7%
3. Timing of implementation Effective for products delivered on or after April 1, 2019
4. Reason for implementation

The Company has worked on drastic cost reduction by shutting down its mill, continuous operation improvement. However, the price of imported base board, which is the main raw material for liquid-packaging cartons, sub-material such as aluminum foil, wrapping materials, fuels and freight costs keep rising. So the profitability of liquid-packaging carton business has been severely deteriorated.
It is difficult under the current price level to secure profits for sustainable operation through our independent effort alone. Therefore, the Company decided to implement price increase.