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||
|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.