Nippon Paper Industries Co., Ltd. has announced price revisions for printing paper and business communication paper in the domestic market to all its agencies.
The price for printing paper and business communication paper will increase by a minimum of 15%.
The new prices will be implemented beginning with products shipped on August 1, 2022.
In a press realease, Nippon Paper details the reason for the price increase. « Ever since the price revision was announced in November 2021, fuel prices and logistic costs have continued to rise rapidly given the dramatic changes in world affairs, and the yen's sharp depreciation has worsened the situation. Despite continuous cost cutting and other measures taken by the Company, it has not been able to fully offset the cost increases, and so has decided to revise the product prices once again ».