Nippon Paper Industries to Hike Price for Patent Coated Board Grades

Aug. 6, 2014 - Nippon Paper Industries Co., Ltd. announced on July 31 that it will increase the prices of its patent-coated board, which includes one-side coated duplex board, specialty board, and both sides patent-coated board.

The price hike will be 10% or more for individual product categories, effective for products shipped on Oct. 1, 2014 and later.

In a press release, Nippon Paper said, “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.”

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SOURCE: Nippon Paper Industries Co., Ltd.