Nippon to Raise Printing, Communications Paper Prices
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Nippon Paper Industries Co., Japan, this week announced that it will raise prices for printing paper and communication paper to all of its agencies. The increase will be a minimum of 10%, effective with September 1 shipments.
The company attributes the increase to a new, upward trend in the price of raw materials and fuels, adding that it has made sustained efforts to reduce costs. However, it has been difficult to absorb all of the cost increases through the company's own efforts, and thus it has decided that there was no alternative but to pass a portion of the cost on to the product price.
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