Nippon Paper Industries to Increase Prices for Glassine Paper Grades
Jan. 16, 2019 - Nippon Paper Industries Co., Ltd. said that it will increase prices for its glassine paper grades and lightweight simili paper by a minimum of 10%.
The price adjustment is effective with shipments from March 1, 2019.
In a press release, Nippon Paper Industries stated, “The business environment of industrial paper is increasingly severe because of rising prices of main raw material such as chip and pulp, materials including fuel and chemicals, logistics costs, etc. The company has worked on review of its production structure and thorough cost reductions, and strive to maintain product prices. However, the rise in manufacturing costs is more than the Company can absorb through self-help efforts alone. Therefore, the company decided the revision of the product prices.”
Nippon Paper Industries produces coated and uncoated paper, including specialty grades, and paperboard. To learn more about Nippon Paper Industries, please visit: www.nipponpapergroup.com.
SOURCE: Nippon Paper Industries Co., Ltd.