Nippon Paper to Hike Price for Printing and Communication Papers

July 7, 2011 - Nippon Paper Industries said that it will increase prices for its printing and communication papers by 10%, effective September 1, 2011

In a written statement, Nippon Paper said, "Amid a new upward trend in the price of raw materials and fuels, the company has made sustained efforts to reduce costs. However, it has proven difficult to absorb all the cost increases through the company's own efforts, and it was decided that there was no alternative but to pass a portion of the cost on to the product price."

SOURCE: Nippon Paper Industries