Nippon Paper Announces Liquid-Packaging Carton Price Increase
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Nippon Paper Industries (Japan) has announced price revision for liquid-packaging carton for milk and beverage.
1. Product subject to price revision:
Overall NP-PAK
Overall NS-FUJI
2. Markup:
NP-PAK 7%
NS-FUJI 3%
3. Timing of implementation:
Effective for products delivered on or after April 1, 2019
4. Reason for implementation
The Company has worked on drastic cost reduction by shutting down its mill, continuous operation improvement. However, the price of imported base board, which is the main raw material for liquid-packaging cartons, sub-material such as aluminum foil, wrapping materials, fuels and freight costs, keeps rising. So the profitability of liquid-packaging carton business has been severely deteriorated.
It is difficult under the current price level to secure profits for sustainable operation through our independent effort alone. Therefore, the Company decided to implement price increase.
