Nippon Daishowa Paperboard to implement 10% minimum increases for its linerboard, corrugated medium, specialty board products beginning Nov. 21, citing rise in raw material, fuel costs
October 4, 2011
– Nippon Daishowa Paperboard Co., Ltd. (President: Hironori Iwase) of the Nippon Paper Group has announced price revisions for linerboard and corrugating medium, and specialty board.
1. Products subject to price revisions : Linerboard and corrugating medium, and specialty board (chipboard, core paperboard and gypsum board base paper, etc.)
2. Markup : Minimum 10%
3. Timing of implementation : From November 21, 2011 shipment
4. Reason for implementation :
Amid an upward trend in the price of raw materials and fuels, the Company has made sustained efforts to reduce costs. However, it has proven difficult to absorb all the cost increases through the Company's own efforts, and it was decided that there was no alternative but to pass a portion of the cost on to the product price.