Press ReleasesNippon Tokai Industrial Paper Supply Announces Linerboard and Corrugated Medium, Specialty Paper and Kraft Paper Price Revisions.
Nippon Tokai Industrial Paper Supply Co., Ltd.
Nippon Tokai Industrial Paper Supply Co., Ltd. (President: Satoru Muto) will implement price revisions for linerboard and corrugated medium, specialty paper and kraft paper as detailed below.
|1. Product subject to price revisions||
All linerboard and corrugated medium
|2. Markup||15% or more|
|3. Timing of implementation||
Shipments from February 1, 2022
|4. Reason for implementation||
In response to steep rises in the cost of raw materials and fuels worldwide and rises in labor costs due to logistics and labor shortages, Nippon Paper Industries Co., Ltd., Shin Tokai Paper Co., Ltd and Nippon Tokai Industrial Paper Supply Co., Ltd. have all been promoting extensive cost reductions. However, it is difficult for us to ensure stable, sustainable revenue through our efforts alone. Furthermore, in order for us to be able to continue to implement our plan to reduce greenhouse gas emissions as part of our global warming countermeasures, we have recently determined that we have no choice but to revise our prices.