Nippon Daishowa Paperboard to Hike Price for Linerboard, Corrugating Medium and Specialty Board
Oct. 4, 2011 - Japan's Nippon Daishowa Paperboard Co., Ltd. has announced a price increase of 10% for linerboard, corrugating medium and specialty board (chipboard, core paperboard and gypsum board base paper, etc.).
Nippon said the price hike is effective for shipments as of November 21, 2011
In a written statement, the company said, "Amid an 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 Group