Press ReleasesNippon Paper Papylia Announces Printing Paper and Communication Paper and Industrial Paper Price Revisions.
Nippon Paper Papylia Co., Ltd.
Nippon Paper Papylia Co., Ltd. (Head office: Chiyoda-ku, Tokyo; President: Sumio Miyake) will implement price revisions for printing paper, business communication paper and industrial paper as detailed below.
| 1. Product subject to price revisions |
All printing paper |
|---|---|
| 2. Markup | Printing paper: 10% or more Business communication paper: 10% or more Industrial paper: 10% or more |
| 3. Timing of implementation |
Shipments from February 1, 2022 |
| 4. Reason for implementation |
In response to weakened demand in Japan owing to COVID-19, steep rises in the cost of raw materials and fuel worldwide, and rises in labor costs due to logistics and labor shortages, we have been promoting extensive cost reductions across the company. However, at current price levels it is difficult for us to ensure sustainable revenue through our efforts alone. Furthermore, in order for us to be able to continue to reduce greenhouse gas emissions as part of our global warming countermeasures, which we have been and continue to be committed to, we have recently determined that we have no choice but to revise our prices. |