Press ReleasesNippon Paper Industries Announces Price Revisions of Glassine Paper, etc.

Nippon Paper Industries Co., Ltd.

Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; hereinafter, "the Company") has announced price revisions of glassine paper, etc.

1. Products subject to price revisions

Overall glassine paper, light weight simili paper

2. Markup Minimum 10%
3. Timing of implementation From March 1, 2019 shipment
4. Reason for implementation

The business environment of industrial paper is increasingly severe because of rising prices of main raw material such as chip and pulp, materials including fuel and chemicals, logistics costs, etc. The Company has worked on review of its production structure and thorough cost reductions, and strive to maintain product prices. However, the rise in manufacturing costs is more than the Company can absorb through self-help efforts alone. Therefore, the Company decided the revision of the product prices.