Nippon Paper Industries to increase prices of lignin products by 20% or more, effective June 1, citing global increase in raw fuel prices, logistics and labor costs

TOKYO , April 25, 2022 (press release) –

Nippon Paper Industries Co., Ltd. (President: Toru Nozawa) will revise the prices of lignin products as follows:

Applicable products:
Lignin products

SAN X, VANILLEX, PEARLLEX, VANIOL, and others.

2. Range of increase:

20% or more (as raw fuel surcharges such as coal, heavy oil, and chemicals)

3. Time of revision:

New prices will apply starting from products shipped on June 1, 2022.

4. Reason for revision:

Due to the global increase of raw fuel prices, logistics and labor costs have also increased. Though we have worked thoroughly to reduce costs, we have decided to revise the prices because we cannot overcome all of these constraints. We will revise the prices as a raw fuel surcharge. Thank you for your understanding and cooperation.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.