Nippon ups Printing Paper Prices in Japan
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Nippon Paper Industries Co., Japan, this week announced price increases for printing paper in the domestic market to all of its agencies. Products subject to price revisions include woodfree paper, coated woodfree paper, lightweight coated paper, and ultra lightweight coated paper. The increase will be a minimum of 15 Yen/Kg, effective with shipments beginning April 21.
According to Nippon, imported paper volume increased rapidly after the Great East Japan Earthquake, and the fall of the market price continued to drop. Based on rapid earnings deterioration, the company decided that the price had to be corrected to a sustainable level.
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