Nippon Paper Industries to Increase Prices for Glassine Paper Grades
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Nippon Paper of Japan announced that within slightly over a month from now it will increase prices for its glassine paper grades and lightweight simili paper by a minimum of 10%. The price adjustment is effective on all orders beginning March 1, 2019.
Nippon Paper explained 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."
