Nippon Paper Industries to Hike Prices for Chipboard, Core Paper, and Other Products
March 21, 2014 - Nippon Paper Industries Co. said that it will implement a 10% price increase for its chipboard, core paper and other products, effective with shipments April 21.
The company said in a statement, “With rising prices of a number of raw materials and fuels, we have sought to cut costs to absorb the cost increases. However, we have found it impossible to achieve further cost reductions through our independent efforts alone and have therefore decided to revise product prices.”
SOURCE: Nippon Paper Industries Co., Ltd.