Nippon Paper Industries to Hike Price for Printing and Communication Papers in Japan
Sept. 10, 2013 - Nippon Paper Industries Co., Ltd. today announced that it will increase pricing on its printing and communication papers, and converting paper sold in the domestic market.
The increase will be a minimum of 10%, effective with shipments on October 21.
Nippon Paper said the price hike is necessary due in part to rising input costs.
“While the depreciation of Japanese yen trend continues, the prices of raw materials and fuels are in an upward trend. Although the company has made sustained efforts to reduce costs, 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 the cost on to the product prices,” Nippon Paper said in a press release.
SOURCE: Nippon Paper Industries Co., Ltd.