NIPPON PAPER INDUSTRIES CO., LTD. Nippon Paper Industries Co., Ltd.
Nippon Paper Industries Co., Ltd. (Tokyo: 3863; President: Toru Nozawa; the "Company") has announced a price increase of 300 / ream for newsprint in Japan, for deliveries from April 1, 2023.
Given declining demand for newsprint, coupled with surges in prices for raw materials and
fuel that started to occur in the year before last, the Company has been striving to ensure the
stable supply of newsprint while simultaneously realigning its production structure and
introducing a range of cost-cutting measures. However, with current prices for raw materials
and fuel making it extremely difficult for us to engage in reproduction through our independent
efforts alone, we have determined that the price revision has to be implemented for the
continuation of business and stable supply going forward.
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Nippon Paper Industries Co. Ltd. published this content on 27 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2023 04:35:30 UTC.
